Mammoth Energy amends and restates $185 million five-year revolver

By Sarah Lizee

Olympia, Wash., Oct. 22 – Mammoth Energy Services, Inc. entered into an amended and restated $185 million five-year asset-backed revolving credit facility on Friday, according to a press release.

The facility is led by PNC Capital markets and extends the maturity to October 2023.

It includes an uncommitted $165 million accordion.

Proceeds will be used for general corporate purposes in addition to strategic growth initiatives and/or acquisitions.

The facility is currently undrawn.

Mammoth is an Oklahoma City-based integrated oilfield service company.

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