Flotek Secures $120MM Senior Secured Term Loan

Flotek’s $120 million senior secured term loan highlights ongoing middle-market demand for sizable, secured financing structures. The deal underscores lender confidence in asset-backed credit facilities amid a cautious lending environment. For middle-market credit professionals, this transaction signals continued opportunities for deploying capital in senior secured tranches, reinforcing the importance of collateral quality and borrower fundamentals in underwriting decisions. It also reflects sustained appetite for term loans that balance risk mitigation with growth capital needs.