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Flotek Industries Secures $75 Million in Initial Term Loans

PUBLIC · FTKSep 23, 2026•1 day ago

Amount Raised

$75 Million

Round Type

Debt Financing

HoustonEnergyOil And Gas

Investors

Elda River Capital Management, LlcAlter Domus (Us) Llc

Description

On September 23, 2026, Flotek Industries, Inc. entered into a Credit Agreement to secure $75 million in initial term loans. The funds will be utilized to refinance existing debt and are anticipated to support capital expenditures. This financial move is part of Flotek's strategy to enhance its operational capabilities.

Company Information

Company

Flotek

Location

Houston, Texas, United States

About

Flotek Industries, Inc. creates unique solutions to reduce the environmental impact of energy on air, water, land and people. A technology-driven, specialty green chemistry and data company, Flotek helps customers across industrial and commercial markets improve their environmental performance. The Company's primary focus is to enable its customers to maximize the value of their hydrocarbon streams and improve return on invested capital through its real-time data platforms and green chemistry technologies. Flotek serves downstream, midstream, and upstream energy customers, both domestic and international. In addition, the Company is positioned to integrate parallel industrial chemistry and data platforms by capitalizing on its digitization, engineering, chemical formulation knowledge, and intellectual property to drive multi-disciplinary advancements in sustainability and enterprise risk management. Flotek is a publicly traded company headquartered 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.

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