secwatch.observer — SEC 8-K summary
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Issuer:     MAMMOTH ENERGY SERVICES, INC. (TUSK)
CIK:        0001679268
Form:       8-K
Filed at:   2023-10-19T23:59:59+00:00
Accession:  0001679268-23-000053
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mammoth Energy closes $75M revolver and $45M term loan; Wexford Capital funds term loan at SOFR+7.5%
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- New $75M revolving credit facility with Fifth Third Bank; borrowing base $35.1M, $28.1M drawn, ~$7M available.
- New $45M term loan from affiliate Wexford Capital LP (owns ~47% of Mammoth) at SOFR+7.5% interest rate.
- Term loan matures October 2028; revolving facility matures earlier of July 2028 or October 2028.
- Mandatory prepayment of term loan with up to 50% of PREPA claim proceeds.
- Refinances and replaces prior revolving credit facility with PNC Bank.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679268/000167926823000053/0001679268-23-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679268/000167926823000053/tusk-20231016.htm
  HTML page:      https://secwatch.observer/filing/0001679268-23-000053

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer