Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
MAMMOTH ENERGY SERVICES, INC. incurred term loan of $45 million with Wexford Capital LP at SOFR Interest Rate plus 7.50% maturing October 16, 2028.
- Instrument
- term loan
- Principal
- $45 million
- Counterparty
- Wexford Capital LP
- Rate
- SOFR Interest Rate plus 7.50%
- Maturity
- October 16, 2028
- Event
- incurrence
Exact text from the filing
lenders (“Wexford”), as may be subsequently amended (the “new term credit facility”). The new term credit facility provides for term commitments in an aggregate amount equal to $45 million. The audit committee of Mammoth’s board of directors, consisting of entirely independent directors, considered and approved the new term credit facility with Wexford. Borrowings
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
MAMMOTH ENERGY SERVICES, INC. incurred revolving credit of up to $75 million with Fifth Third Bank, National Association at Tranche Rate plus (i) 1.75%, if the Average Excess Availability Percentage is gr maturing the earlier of (x) July 17, 2028, unless the indebtedness under the new term credit facility is refinanced in accordance with terms of the intercreditor agreeme.
- Instrument
- revolving credit
- Principal
- up to $75 million
- Counterparty
- Fifth Third Bank, National Association
- Rate
- Tranche Rate plus (i) 1.75%, if the Average Excess Availability Percentage is gr
- Maturity
- the earlier of (x) July 17, 2028, unless the indebtedness under the new term credit facility is refinanced in accordance with terms of the intercreditor agreeme
- Event
- incurrence
Exact text from the filing
as may be subsequently amended (the “new revolving credit facility”). The new revolving credit facility provides for revolving commitments in an aggregate amount of up to $75 million. Borrowings under the new revolving credit facility are secured by the assets of Mammoth, inclusive of its subsidiary companies, and are subject to a borrowing base calculation
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
MAMMOTH ENERGY SERVICES, INC. entered into new term credit facility with Wexford Capital LP valued at $45 million (effective 2023-10-16).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Wexford Capital LP
- Value
- $45 million
- Effective
- 2023-10-16
Exact text from the filing
On October 16, 2023, Mammoth, as borrower, and certain of its direct and indirect subsidiaries, as guarantors, also entered into a loan and security agreement with the lenders party thereto and Wexford Capital LP, an affiliate of Mammoth, as agent for the lenders ("Wexford"), as may be subsequently amended (the "new term credit facility").
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
MAMMOTH ENERGY SERVICES, INC. entered into new revolving credit facility with Fifth Third Bank, National Association valued at $75 million (effective 2023-10-16).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Fifth Third Bank, National Association
- Value
- $75 million
- Effective
- 2023-10-16
Exact text from the filing
On October 16, 2023, Mammoth, as borrower, and certain of its direct and indirect subsidiaries, as guarantors, entered into a revolving credit agreement with the lenders party thereto and Fifth Third Bank, National Association, as a lender and as administrative agent for the lenders ("Fifth Third"), as may be subsequently amended (the "new revolving credit facility").
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