Mammoth Energy Services Inc. | Stephens

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Financial Advisor

Mammoth Energy Services Inc.

$120 Million 10/16/2023 Oilfield & Energy Infrastructure Services Complete
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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

Source: Company Press Release.
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