Mammoth Energy Services Enters Term Loans Of Up To $58M With Bank7
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
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Why It Matters
Mammoth Energy borrowed up to $58 million from a bank. The company plans to use the money to buy aircraft for its business.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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