$FTK·8-K

FLOTEK INDUSTRIES INC/CN/ · Jul 17, 4:29 PM ET

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FLOTEK INDUSTRIES INC/CN/ 8-K

Research Summary

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Updated

Flotek Industries Files Loan Amendment Extending Maturity to Oct 31, 2026

What Happened

  • Flotek Industries, Inc. (and its subsidiaries Flotek Chemistry, LLC and JP3 Measurement, LLC) filed an 8-K on July 17, 2026 disclosing a Third Amendment to their Revolving Loan and Security Agreement with Amerisource Funding, Inc. The Third Amendment is effective July 15, 2026 and extends the loan maturity date to October 31, 2026.

Key Details

  • Parties: Flotek Industries, Flotek Chemistry, LLC, JP3 Measurement, LLC (Borrowers) and Amerisource Funding, Inc. (Lender).
  • Effective date of Third Amendment: July 15, 2026; filing date: July 17, 2026.
  • New maturity date: October 31, 2026.
  • Borrowers may, with at least 30 days’ written notice before the maturity date, either (a) extend the loan term for an additional 12 months from the new maturity date or (b) terminate the loan as of the maturity date.
  • The full text of the Third Amendment is filed as Exhibit 10.1 to the 8-K.

Why It Matters

  • This amendment pushes the near-term maturity of Flotek’s revolving loan to late October 2026, giving the company more time to manage its debt and liquidity needs in the short term.
  • The added 12‑month extension option (subject to notice) provides further flexibility but is not an automatic extension; investors should watch for any future notices or additional amendments.
  • The filing creates/updates a material direct financial obligation for the company; investors should review the Exhibit 10.1 amendment and monitor future disclosures for any changes in borrowing amounts, covenants, or further refinancing actions.

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