Flotek closes $75M term loan with $45M delayed draw; refis $40M note

FLOTEK INDUSTRIES INC/CN/

Initial $75M term loan at Term SOFR + 6.50% (2.50% floor), maturity Sept 23, 2031.
$15M committed delayed draw through Jun 30, 2027; $30M subject to lender consent through Mar 31, 2028.
Proceeds refinanced $40M PWRTEK Note and will fund capex, working capital; ABL extended to Oct 31, 2027.
No amortization or excess cash sweep for first two years; PC Energy cashless roll of $12.5M.

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