tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Cactus Amends Credit Facility for $100 Million Loan

Story Highlights
  • Cactus Companies amended its ABL Credit Facility to create a $100 million term loan facility.
  • The amendment extends revolving loan maturity to 2030 and expands collateral coverage.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Cactus Amends Credit Facility for $100 Million Loan

Claim 50% Off TipRanks Premium and Invest with Confidence

Cactus ( (WHD) ) just unveiled an announcement.

On December 1, 2025, Cactus Companies, a subsidiary of Cactus Inc., amended its ABL Credit Facility to establish a delayed draw term loan facility with a principal amount of up to $100 million. This amendment allows Cactus Companies to make two draws within six months for financing the acquisition of interests in Baker Hughes Pressure Control LLC and other related uses. The facility’s maturity is set for three years after the first loan funding, with interest options and a requirement for quarterly repayments starting April 2026. The amendment also extended the maturity date for revolving loans to December 1, 2030, and expanded collateral to include certain equipment and intellectual property.

The most recent analyst rating on (WHD) stock is a Buy with a $50.00 price target. To see the full list of analyst forecasts on Cactus stock, see the WHD Stock Forecast page.

Spark’s Take on WHD Stock

According to Spark, TipRanks’ AI Analyst, WHD is a Outperform.

Cactus demonstrates strong financial health with a solid balance sheet and profitability, which are the most significant factors supporting its score. The technical analysis and valuation suggest a fair market position, though mixed signals in market momentum and valuation metrics warrant caution. The earnings call highlights resilience in international markets but also underscores challenges with tariffs and revenue declines.

To see Spark’s full report on WHD stock, click here.

More about Cactus

Average Trading Volume: 717,265

Technical Sentiment Signal: Sell

Current Market Cap: $3.46B

For a thorough assessment of WHD stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1