Mammoth Energy Services, Inc. Announces $58 Million Aviation Term Loan Facility with Bank7

The facility introduces secured borrowing capacity to an aviation portfolio previously funded without debt.

Rhea-AI Summary

Mammoth Energy Services (NASDAQ: TUSK) secured an aviation loan facility with Bank7 on October 28, 2026, providing up to $58 million.

Subsidiaries Cobra Aviation Services and Leopard Aviation entered the agreement, comprising a $25 million Term Loan A and a $33 million Term Loan B. Both may be drawn during the 60-day period following closing; Term Loan B advances require certain conditions. No amounts were drawn at closing. Mammoth expects to use proceeds to acquire additional aviation assets.

The loans carry floating interest, begin monthly principal repayments in January 2027 and mature in October 2030. Aviation assets secure the facility, which Mammoth guarantees.

2 points · 1 major

MixediHow this balance works

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

1 major · 3 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Major pointBank7 facility provides up to $58 million of aviation financing capacity. 41% of market cap
• Minor point. Forward-looking: it has not happened yet and may not happen.Mammoth expects proceeds to fund additional aviation asset acquisitions.

Negative

• Major pointLoans carry floating interest, monthly repayments beginning January 2027 and maturity in October 2030.
• Minor pointFacility pledges borrowers' aviation assets as security and carries Mammoth's guarantee.
• Minor pointBorrowing is limited to a 60-day period following closing; Term Loan B advances require certain conditions.

News Explained

Mammoth says its aviation portfolio had cost about $134.9 million and been funded without debt as of September 30; the new facility permits up to $58 million in borrowing, but no amount had been drawn at closing.

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+3.44% vs previous close $3.01 last price 0.3x rel. volume Open Argus

Details

Market move: TUSK +3.44% vs previous close. aviation term loan facility

$2.81 – $3.15 Day Range

$144.86M Mkt Cap at Last Price

On Oct 30, the day this news came out, the latest delayed price for TUSK is 3.44% above the previous close. Our momentum scanner has recorded 2 alerts for this stock so far that day. The latest delayed price is $3.01.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Key Figures

Term loan facility: Up to $58 million Term Loan A: $25 million Term Loan B: $33 million +3 more

Term loan facility

Up to $58 million

Senior secured term loans

Term Loan A

$25 million

Facility tranche; may be drawn during the 60-day post-closing period

Term Loan B

$33 million

Facility tranche; advances subject to certain conditions

Draw period

60 days

Following closing

Amortization begins

January 2027

Monthly loan amortization

Maturity

October 2030

Facility loans

Key Terms

asset-backed financing, senior secured term loans, floating rate, amortize

4 terms

asset-backed financing financial

"Asset-backed financing to support continued growth of the Company's aviation leasing platform"

Asset-backed financing is when a borrower raises money by using a specific pool of assets—such as loans, invoices, leases, or receivables—as collateral, so lenders are repaid from the cash those assets generate. Think of it like taking out a loan against a bundle of income-producing items rather than a single paycheck; investors care because the quality and predictability of those underlying assets determine how safe the payments are, how much interest the borrower pays, and how the company’s liquidity and credit profile look to the market.

senior secured term loans financial

"providing for up to $58 million of senior secured term loans"

A senior secured term loan is a long‑term bank-style loan that a company must repay on a set schedule and that is backed by specific assets as collateral; “senior” means it gets paid before other debts if the borrower runs into trouble. For investors, these loans matter because their collateral and priority typically reduce the risk of loss compared with unsecured or junior debt, while the fixed repayment plan and contract terms influence a company’s cash flow, interest burden and financial flexibility—think of it like a mortgage on a business asset that lenders can claim first if payments stop.

floating rate financial

"The loans bear interest at a floating rate"

An interest rate on a loan, bond or deposit that is not fixed but resets at regular intervals based on a reference market rate plus a set margin, so the payments rise or fall as overall interest rates change. For investors, floating-rate instruments act like a weather vane: they can protect income when rates climb by increasing payouts, but they introduce unpredictable cash flow and price movement when rates fall or shift, affecting expected yield and valuation.

amortize financial

"amortize monthly beginning in January 2027"

To amortize means to spread the repayment of a debt or the recognition of a cost over a series of scheduled payments or accounting periods. For investors, amortization shows how much of a loan payment reduces principal versus interest or how a one-time expense is gradually charged to profits, helping reveal a company’s true cash obligations and ongoing earnings power—think of paying off a big purchase with a fixed monthly plan so the cost isn’t all felt at once.

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Asset-backed financing to support continued growth of the Company's aviation leasing platform

OKLAHOMA CITY, Oct. 30, 2026 /PRNewswire/ -- Mammoth Energy Services, Inc. ("Mammoth" or the "Company") (NASDAQ: TUSK) today announced that, on October 28, 2026, its aviation subsidiaries, Cobra Aviation Services LLC and Leopard Aviation LLC, entered into a loan and security agreement with Bank7 providing for up to $58 million of senior secured term loans. The Company expects to use proceeds from the facility to fund the acquisition of additional aviation assets.

The facility consists of a $25 million Term Loan A and a $33 million Term Loan B, each of which may be drawn during the 60-day period following closing. Advances under Term Loan B are subject to certain conditions. The loans bear interest at a floating rate, amortize monthly beginning in January 2027 and mature in October 2030. The facility is secured by the borrowers' aviation assets and is guaranteed by Mammoth. No amounts were drawn at closing.

Mark Layton, Mammoth's Chief Financial Officer, stated, "This facility is an important step for our aviation platform. As of September 30, the total cost of our aviation portfolio was approximately $134.9 million, which had been funded without debt. Our aviation assets are well suited to asset-backed financing. This facility allows us to add prudent leverage and fund the next phase of fleet growth while preserving liquidity. We appreciate Bank7's support."

About Mammoth Energy Services, Inc.
Mammoth Energy Services, Inc. (NASDAQ: TUSK) is a growth-oriented company centered on an expanding aviation leasing platform. Through its rental services segment, Mammoth leases and sells aviation assets and rents heavy equipment used in construction and energy operations. The Company also provides fiber optic services to utility customers; natural sand proppant for hydraulic fracturing; workforce accommodations for projects in remote locations; and directional drilling services. For more information, please visit www.mammothenergy.com.

Forward-Looking Statements and Cautionary Statements
All statements, other than statements of historical facts that address activities, events or developments that Mammoth expects, believes or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements may be identified by words such as "may," "will," "could," "should," "expect," "anticipate," "plan," "intend," "believe," "estimate," "project," "forecast," "target," "continue," "potential," or similar expressions, and the negative thereof. Without limiting the generality of the foregoing, forward-looking statements contained in this news release specifically include statements, estimates and projections regarding the Company's expectations, plans, objectives, strategies, business outlook, future financial position, liquidity and capital resources, operations, performance, acquisitions, returns, capital expenditure budgets, plans for stock repurchases under its stock repurchase program, business trends, costs and other guidance regarding future developments. Forward-looking statements are not assurances of future performance. Forward-looking statements include, without limitation, statements regarding the expected use of proceeds of the term loans, the availability and timing of advances under the facility, and the Company's plans to acquire additional aviation assets and grow its aviation leasing platform.

These forward-looking statements are based on management's current expectations and beliefs, forecasts for the Company's existing operations, experience and perception of historical trends, current conditions, anticipated future developments and their effect on Mammoth, and other factors believed to be appropriate. Although management believes that the expectations and assumptions reflected in these forward-looking statements are reasonable as and when made, no assurance can be given that these assumptions are accurate or that any of these expectations will be achieved (in full or at all). Forward-looking statements are subject to risks and uncertainties, many of which are beyond our control. As a result, actual outcomes and results may differ materially from those expressed or implied by these forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements include, among others:

• our ability to comply with the financial covenants and other terms of the loan and security agreement;
• changes in interest rates and their impact on our cost of capital;
• the impact of the divestiture of our subsidiaries 5 Star Electric, LLC, Higher Power Electrical, LLC, Python Equipment LLC and Aquawolf LLC, and the equipment previously used in our hydraulic fracturing business;
• general economic, financial and industry conditions, including inflation, commodity price volatility and fluctuations in customer spending and capital expenditure activity;
• conditions in the energy, infrastructure, aviation, rental equipment and natural sand proppant markets that affect demand for our services and products;
• fluctuations in the value of our marketable securities portfolio and the impact of unrealized gains and losses on our reported financial results;
• our ability to execute our business strategy, successfully integrate acquired businesses, realize anticipated acquisition benefits, grow existing operations and identify additional growth opportunities;
• our ability to successfully deploy capital into aviation assets, achieve expected utilization levels and realize anticipated returns on aviation-related investments;
• the availability and cost of labor, equipment, materials, replacement parts and other operational resources;
• customer concentration, customer payment risks and our ability to collect outstanding receivables, including the timing and collectability of amounts owed by the Puerto Rico Electric Power Authority ("PREPA");
• the adequacy of our capital resources and liquidity;
• governmental actions, regulations, permitting requirements, trade policies, tariffs and other legal or regulatory developments;
• litigation, claims, investigations and other contingent liabilities;
• weather events, natural disasters, acts of war, terrorism, civil unrest, cybersecurity incidents and other events beyond our control; and
• the other risks and uncertainties described under Part I, Item 1A, "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on March 6, 2026, as updated by Part II, Item 1A, "Risk Factors" in our subsequent Quarterly Reports on Form 10-Q, and in our Current Reports on Form 8-K and other filings we make with the SEC, which are available on the SEC's website at www.sec.gov and on Mammoth's website at www.ir.mammothenergy.com.

The forward-looking statements contained in this news release speak only as of the date of this news release or, if earlier, as of the date they were made, and are based on information available to us as of that date. Except as required by applicable law, we undertake no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, and readers are cautioned not to place undue reliance on these forward-looking statements.

View original content:https://www.prnewswire.com/news-releases/mammoth-energy-services-inc-announces-58-million-aviation-term-loan-facility-with-bank7-302924589.html

SOURCE MAMMOTH ENERGY SERVICES

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much financing does Mammoth Energy's Bank7 aviation facility provide?

The facility provides up to $58 million through a $25 million Term Loan A and a $33 million Term Loan B. No amounts were drawn at closing. Mammoth expects to use proceeds to acquire additional aviation assets.

What are the repayment terms of Mammoth Energy's Bank7 aviation loans?

The loans bear floating interest, begin monthly principal repayments in January 2027 and mature in October 2030. The borrowers' aviation assets secure the facility, and Mammoth guarantees it.

How had Mammoth Energy funded its aviation portfolio before the Bank7 facility?

Mammoth's aviation portfolio had been funded without debt. As of September 30, the portfolio's total cost was approximately $134.9 million.