Mammoth Announces Payoff and Termination of Term Credit Facility and Increase in 2024 Capital Expenditure Guidance
Mammoth Energy Services, Inc. (TUSK)
Last mammoth energy services, inc. earnings: 2/27 04:01 pm
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ir.mammothenergy.com
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Source: PR Newswire
OKLAHOMA CITY, Oct. 3, 2024 /PRNewswire/ -- Mammoth Energy Services, Inc. ("Mammoth" or the "Company") (NASDAQ: TUSK) today announced the payoff and termination of its term credit facility with Wexford Capital LP. On October 2, 2024, the Company used a portion of the proceeds received from the first installment payment from the previously disclosed settlement agreement with the Puerto Rico Electric Power Authority to pay off all outstanding amounts under its term credit facility, including accrued and unpaid interest, in the aggregate amount of $50.9 million, and terminated the facility. Mark Layton, Chief Financial Officer, commented, "We are excited to announce the payoff and termination of our term credit facility and are now debt free. In connection with the debt payoff, our board of directors has authorized an increase in our 2024 capital expenditure budget to $23 million, representing an increase of $11 million from our previously announced capex guidance. Of the $11 million in
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News
- Mammoth Energy Services, Inc. Announces CEO TransitionPR Newswire
- Mammoth Energy Services, Inc. (NASDAQ: TUSK) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Mammoth Energy Services Third Quarter 2024 Earnings: US$0.50 loss per share (vs US$0.023 loss in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
- Mammoth Energy Services, Inc. Announces Third Quarter 2024 Operational and Financial ResultsPR Newswire
- Mammoth Energy Services, Inc. Announces 2024 Third Quarter Earnings Release and Conference Call SchedulePR Newswire
TUSK
Sec Filings
- 11/15/24 - Form 4
- 11/13/24 - Form SC
- 11/12/24 - Form 4
- TUSK's page on the SEC website