Flotek Industries, Inc. (FTK) Secures Up To $120M Term Loan

Flotek secured a new senior secured term loan of $75M at close with up to $45M delayed-draw, to fund Data Analytics capex, refinance a $40M term loan, and for working capital. Its ABL facility of up to $20M was extended to Oct. 31, 2027.Material DetailsContext by AI AnalystThis extends liquidity an…