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Flotek Industries (NYSE: FTK) amends loan, extends maturity to Oct 2026

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Flotek Industries, Inc. entered into a Third Amendment to its Revolving Loan and Security Agreement with Amerisource Funding, Inc., effective July 15, 2026. This amendment extends the loan’s maturity date to October 31, 2026 for Flotek and its subsidiaries Flotek Chemistry, LLC and JP3 Measurement, LLC.

The Third Amendment also gives the borrowers an option, upon at least thirty (30) days written notice before the maturity date, either to extend the term of the Loan Agreement for an additional twelve (12) months from October 31, 2026 or to terminate the agreement effective as of that date.

Positive

  • None.

Negative

  • None.

Filing Explained

The amendment changes the loan’s timetable, but the provided 8-K does not state the outstanding balance, borrowing capacity, or other amount that would size the debt exposure. It extends maturity to October 31, 2026, while leaving the borrowers an option—on at least 30 days’ notice—to extend for 12 months or terminate then.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial
The company incurred a new significant debt or off-balance-sheet obligation.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Loan Agreement date August 14, 2023 Initial date of the Revolving Loan and Security Agreement
First Amendment effective date October 5, 2023 Effective date of the First Amendment to the Loan Agreement
Second Amendment effective date August 5, 2024 Effective date of the Second Amendment to the Loan Agreement
Third Amendment effective date July 15, 2026 Effective date of the Third Amendment to the Loan Agreement
Loan maturity date October 31, 2026 Extended maturity date of the loan under the Third Amendment
Optional extension term twelve (12) months Additional term available if borrowers elect to extend the Loan Agreement
Notice period before maturity thirty (30) days Minimum written notice required before the maturity date to extend or terminate
Revolving Loan and Security Agreement financial
"entered into a Revolving Loan and Security Agreement with Flotek Chemistry, LLC"
Maturity Date financial
"to extend the maturity date of the loan to October 31, 2026 (the “Maturity Date”)"
The maturity date is the specific day when a loan, bond, or investment reaches its full term and the borrower must repay the borrowed amount in full. It is important for investors because it indicates when they will receive their initial money back and can plan their future financial steps accordingly. Think of it as the due date for a loan or the day a gift card or coupon expires.
pre-commencement communications regulatory
"Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act"
emerging growth company regulatory
"405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Inline XBRL technical
"Cover Page Interactive Data File (embedded within the Inline XBRL document)"
Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What did Flotek Industries (FTK) change in its loan agreement on July 15, 2026?
Flotek Industries (FTK) entered into a Third Amendment to its Revolving Loan and Security Agreement, effective July 15, 2026. The amendment primarily extends the loan’s maturity date and adds an option to further extend or terminate the agreement at maturity.

What is the new loan maturity date for Flotek Industries (FTK)?
The Third Amendment sets the loan’s new maturity date at October 31, 2026. This replaces the prior maturity date under the Revolving Loan and Security Agreement between Flotek, its subsidiaries, and Amerisource Funding, Inc.

What extension option does Flotek Industries (FTK) have under the Third Amendment?
Under the Third Amendment, the borrowers may, with proper notice, extend the loan term by twelve (12) months from October 31, 2026. This optional extension provides an additional one-year term beyond the newly established maturity date.

What notice is required for Flotek Industries (FTK) to extend or terminate the loan?
The borrowers must provide at least thirty (30) days’ written notice before the October 31, 2026 maturity date to either extend the Revolving Loan and Security Agreement for twelve months or terminate it effective at maturity.

Who are the parties to Flotek Industries’ (FTK) Revolving Loan and Security Agreement?
The Revolving Loan and Security Agreement involves Flotek Industries, Inc., its subsidiaries Flotek Chemistry, LLC and JP3 Measurement, LLC as borrowers, and Amerisource Funding, Inc. as lender, as referenced in the Third Amendment effective July 15, 2026.

How many prior amendments existed before Flotek Industries’ (FTK) Third Amendment?
Before the Third Amendment, the Loan Agreement had two prior amendments: a First Amendment effective October 5, 2023 and a Second Amendment effective August 5, 2024, each modifying terms of the original August 14, 2023 agreement.
0000928054FALSE00009280542026-07-172026-07-17

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

July 15, 2026
Date of Report (Date of earliest event reported)

Flotek Industries, Inc.
(Exact name of registrant as specified in its charter)

Delaware001-1327090-0023731
(State or Other Jurisdiction of Incorporation)(Commission File Number)(IRS Employer Identification No.)
5775 N. Sam Houston Parkway W., Suite 400 Houston, TX, 77086
(Address of principal executive office and zip code)

(713) 849-9911
(Registrant’s telephone number, including area code)

(Not applicable)
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of Exchange on which registered
Common Stock, $0.0001 par valueFTKNYSE

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐




Item 1.01Entry into a Material Definitive Agreement
On August 14, 2023, Flotek Industries, Inc. (the “Company”) entered into a Revolving Loan and Security Agreement (the “Loan Agreement”) with Flotek Chemistry, LLC and JP3 Measurement, LLC, wholly owned subsidiaries of the Company (collectively with the Company, the “Borrowers”), and Amerisource Funding, Inc. (“Amerisource”), as lender. The Loan Agreement was subsequently amended effective October 5, 2023 by that certain First Amendment to the Loan Agreement (the “First Amendment”) and amended effective August 5, 2024, by that certain Second Amendment to the Loan Agreement (the “Second Amendment”). Effective July 15, 2026, the Company entered into that certain Third Amendment to the Loan Agreement (the "Third Amendment").
The Third Amendment amends the Loan Agreement to extend the maturity date of the loan to October 31, 2026 (the “Maturity Date”). In addition, the Third Amendment provides the Borrowers with the option, upon at least thirty (30) days’ written notice prior to the Maturity Date, to either (a) extend the term of the Loan Agreement for an additional twelve (12) months from the Maturity Date or (b) terminate the Loan Agreement effective as of the Maturity Date. The foregoing description of the Third Amendment does not purport to be complete and is qualified in its entirety by reference to the complete text of the Third Amendment, which is filed herewith as Exhibit 10.1 and incorporated by reference herein.

Item 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information provided under Item 1.01 of this Current Report on Form 8-K regarding each of the transactions described therein is also responsive to Item 2.03 of this Current Report on Form 8-K and is hereby incorporated by reference into this Item 2.03.

Item 9.01
Financial Statements and Exhibits.
d) Exhibits.
Exhibit Number
Description
10.1
Third Amendment to That Certain Revolving Loan and Security Agreement, effective July 15, 2026, among Flotek Industries, Inc., Flotek Chemistry, LLC and JP3 Measurement, LLC, as borrowers, and Amerisource Funding, Inc., as lender.
104Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

FLOTEK INDUSTRIES, INC.
Date: July 17, 2026
/s/ Bond Clement
Name:Bond Clement
Title:Chief Financial Officer

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

10 documents

Agreements & Contracts

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