Financial Advisor
Mammoth Energy Services Inc.
Debt Capital Markets
Revolving Credit Facility & Term Loan
Transaction Details
- On October 16, 2023, Mammoth Energy Services, Inc. (“Mammoth” or the “Company”) entered into a new $75 million revolving credit facility agreement with Fifth Third Bank, N.A. (“Fifth Third”) and a new $45 million term loan agreement with Wexford Capital LP (“Wexford”)
- Proceeds from the facilities were used to refinance outstanding indebtedness under Mammoth’s previous revolving credit facility
- Mark Layton, Chief Financial Officer, commented, “We are pleased with the outcome of this refinancing transaction and look forward to building a long-term relationship with Fifth Third. In addition, we appreciate Wexford and their ongoing commitment to the Company. We believe these new agreements will provide Mammoth with a strong base of liquidity for years to come.”
About the company
Mammoth is an integrated, growth-oriented energy services company focused on the providing products and services to enable the exploration and development of North American onshore unconventional oil and natural gas reserves as well as the construction and repair of the electric grid for private utilities, public investor-owned utilities and co-operative utilities through its infrastructure services businesses. Mammoth’s suite of services and products include: well completion services, infrastructure services, natural sand and proppant services, drilling services and other energy services. For more information, please visit www.mammothenergy.com.
Source: Company Press Release.
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“Stephens” (the company brand name) is a leading family-owned investment firm that includes Stephens Inc. (member NYSE/SIPC), Stephens Investment Management Group, LLC, Stephens Insurance, LLC, Stephens Capital Partners LLC and Stephens Europe Limited (Registered office: 12 Arthur Street, London, EC4R 9AB, Registered number 8817024), which is authorised and regulated by the Financial Conduct Authority. © 2023 Stephens
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