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Mammoth Energy Services, On October 16, 2023, Entered Into A New Revolving Credit Facility Agreement And A New Term Loan Agreement, Which Refinanced, Mammoth's Indebtedness Outstanding Under Its Previous Revolving Credit Facility

Author: Benzinga Newsdesk | October 19, 2023 08:15am

The new five-year revolving credit facility with Fifth Third Bank, National Association ("Fifth Third"), provides for revolving commitments of up to $75 million, subject to a borrowing base calculation prepared monthly. The new five-year term loan agreement with Wexford Capital LP ("Wexford"), an affiliate of Mammoth, provides for term commitments of $45 million.

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