Flotek Announces Entry into Asset Based Loan Agreement Of Up To $10M
Portfolio Pulse from Benzinga Newsdesk
Flotek has entered into an asset-based loan agreement of up to $10 million. The company has not disclosed the terms of the agreement.
August 14, 2023 | 9:17 pm
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Flotek has secured an asset-based loan agreement of up to $10 million. The terms of the agreement have not been disclosed.
The loan agreement provides Flotek with additional financial flexibility, which could be used for various corporate purposes. This could potentially have a positive impact on the company's stock in the short term. However, the lack of details about the terms of the agreement introduces some uncertainty.
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