On October 5, 2023, Flotek Industries, Inc. entered into the First Amendment to that certain Revolving Loan and Security Agreement, dated August 14, 2023 with Flotek Chemistry, LLC and JP3 Measurement, LLC, wholly owned subsidiaries of the Company, and Amerisource Funding, Inc., as lender, to, among other things, increase the aggregate Revolving Credit Facility Maximum from $10,000,000 to $13,812,500. The First Amendment was entered into pursuant to Section 2.08 of the Loan Agreement, which provides for a Revolving Credit Facility Maximum increase upon receipt of an appraisal and finalization of legal documentation satisfactory to Amerisource regarding certain pledged real estate, and in connection therewith, Flotek Chemistry, LLC has pledged the real estate interests.
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+0.85% | 17.48B | |
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-22.30% | 13.36B |
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- Flotek Industries, Inc., Flotek Chemistry, LLC and JP3 Measurement, LLC Enters into the First Amendment to Certain Revolving Loan and Security Agreement