Flotek announces entry into asset based loan agreement

Houston , aug. 14, 2023 /prnewswire/ -- flotek industries, inc. ("flotek" or the "company") (nyse: ftk) today announced that it has entered into a revolving loan and security agreement in connection with an asset based loan ("abl") with amerisource funding, inc. ("lender"). the abl provides for a 24-month term with up to $10 million of initial credit availability for eligible accounts receivable and eligible inventory.
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