Koil Energy secures $5M asset-based revolving credit facility with nFusion Capital Finance

Koil Energy Solutions, Inc.

Facility provides up to $5M at 85% advance rate on eligible accounts; interest = WSJ prime + 4.75% (floor 6.75%).
12-month initial term with automatic annual renewals; secured by first-priority lien on substantially all personal property.
Replaces prior factoring arrangement, which has been repaid and terminated; no outstanding financial debt beyond lease obligations.
Proceeds to support working capital and expand high-margin rental equipment fleet; fees include 1.0% loan fee, 0.25% monthly monitoring fee.
Lender nFusion Capital Finance, LLC is an Austin-based private working capital finance company.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Koil Energy Solutions, Inc. entered into Loan Agreement with nFusion Capital Finance, LLC valued at $5.0 million (effective 2026-05-19).

Action: entry
Agreement: credit facility
Counterparty: nFusion Capital Finance, LLC
Value: $5.0 million
Effective: 2026-05-19

Exact text from the filing

On May 19, 2026, Koil Energy Solutions, Inc., a Nevada corporation, and its subsidiary Koil Energy Solutions, Inc., a Delaware corporation (together, the “Borrower”), entered into a Loan and Security Agreement (the “Loan Agreement”) with nFusion Capital Finance, LLC, including its successors and assigns, as lender (the “Lender”).

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Koil Energy Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-26-004277

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