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Flotek (FTK) has issued an announcement.
Flotek Industries, Inc. has revised its financial strategy by entering into and amending a significant Loan Agreement with Amerisource, increasing the total loan commitment to $20 million and extending the maturity date by a year. The deal also includes a reduction in the applicable margin and adjustments to the borrowing base, reflecting a proactive approach to managing the company’s capital structure. Additionally, Flotek has released a presentation on its website detailing current operations and financial results, indicating transparency and ongoing communication with its stakeholders.
For a thorough assessment of FTK stock, go to TipRanks’ Stock Analysis page.