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AI brief of an SEC Form 8-K · FLOTEK INDUSTRIES INC/CN/ (FTK)

Flotek secures $75 million term loan and repays $40 million PWRTEK Note

Neutral Impact 3 of 5 financing Written later

Flotek Industries entered into a Credit Agreement on September 23, 2026, with initial term loans of $75.0 million, secured by substantially all company and subsidiary guarantor assets. The loan refinanced the $40 million PWRTEK Note, which had been guaranteed by Flotek, and matures September 23, 2031. Part of the lender group is an affiliate of ProFrac's founders, a related party, and the Audit Committee approved the transaction.

Key points

  • Initial term loans of $75.0 million, with up to $15.0 million more delayed-draw available through June 30, 2027 and up to $30.0 million more subject to Required Lender consent through March 31, 2028
  • Interest at Term SOFR with a 2.50% floor plus a 6.50% margin; maturity September 23, 2031
  • PC Energy Credit I LLC, an affiliate of ProFrac's founders, exchanged $12.5 million of PWRTEK Note obligations for initial term loans
  • Asset-based loan with Amerisource extended to October 31, 2027, with the PWRTEK Note terminated and its liens released

The filing

CompanyFLOTEK INDUSTRIES INC/CN/ (FTK)
Form8-K, current report
Filed with the SECSep 23, 2026, 4:40 PM ET
Accession number0000928054-26-000090

Items reported: 1.01 Material Definitive Agreement1.02 Termination of Material Agreement2.03 New Direct Financial Obligation7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 23, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.