Flotek Secures $120 Million Senior Secured Term Loan to Support Continued Strategic Growth
HOUSTON, Sept. 23, 2026 /PRNewswire/ — Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) today announced that it has entered into a new secured term loan agreement providing $75 million of funding at closing and up to $45 million of delayed-draw availability. Elda River Capital Management, LLC (“Elda River”) is the lead lender under the new financing, with additional investors including an affiliate of Antarctica Capital.
With up to $120 million in capital, the term loan provides the Company with enhanced liquidity and financial flexibility to support strategic initiatives and future growth opportunities. Proceeds are expected to be used to support capital expenditures related to the Company’s growing Data Analytics segment, refinance the Company’s existing $40 million term loan, fund working capital requirements, and other general corporate purposes.
The Company’s existing asset-based loan will remain in place, providing up to $20 million of additional borrowing capacity, with its maturity extended from October 31, 2026 to October 31, 2027.
Term Loan Details
– Initial funding of $75 million with $15 million committed delayed-draw available through June 30, 2027 and an additional $30 million subject to lender consent available through March 31, 2028
– Maturity date of September 23, 2031
– No loan amortization or excess cash sweep required during first two years
“This financing provides Flotek with long-term capital and additional flexibility to invest in our key growth initiatives,” said Ryan Ezell, Chief Executive Officer of Flotek. “It also reflects our lenders’ confidence in our corporate strategy, differentiated technology platform, and long-term opportunities across both data analytics and chemistry technologies. We look forward to developing a long-term partnership with Elda River as the lead capital provider in this financing.”
“We are pleased to partner with Flotek to provide the Company with a flexible capital solution to support its strategic objectives,” said Craig Rohr, Partner and Co-Founder at Elda River. “Flotek has a diversified portfolio of growth opportunities across the energy ecosystem, and we look forward to supporting the business over time.”
The Company engaged Piper Sandler and Co. to act as sole and exclusive lead arranger and bookrunner for the transaction.
About Flotek Industries, Inc.
Flotek Industries, Inc. is a leading chemistry and data technology company focused on serving the Energy industry. The Company’s technologies leverage near real-time data to deliver innovative solutions to maximize customer returns. Flotek has an intellectual property portfolio of over 130 patents, over 20 years of field and laboratory data, and a global presence in more than 59 countries.
Flotek has established collaborative partnerships focused on sustainable and optimized chemistry and data solutions, aiming to reduce the environmental impact of energy on land, air, water and people.
Flotek is based in Houston, Texas and its common shares are traded on the New York Stock Exchange under the ticker symbol “FTK.” For additional information, please visit www.flotekind.com.