The latest announcement is out from Mammoth Energy Services ( (TUSK) ).
Mammoth Energy Services, Inc. has successfully navigated a major financial milestone by settling disputes with the Puerto Rico Electric Power Authority through its subsidiary, Cobra Acquisitions LLC, leading to a substantial settlement. Cobra received an initial $150 million from the agreement, which not only allowed them to pay off their term credit facility in full, but also positioned them for strategic growth and opportunity exploration. This positive development comes amid ongoing appeals which the company views as meritless, further solidifying their financial resilience and future prospects in the energy sector.
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