Mammoth Energy Services Secures Up to $58 Million Aviation Loan Facility

Oct 30, 2026 11:13 AM

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Mammoth Energy Services announced that its aviation subsidiaries, Cobra Aviation Services LLC and Leopard Aviation LLC, entered into a $58 million senior secured term loan agreement with Bank7 on October 28, 2026. The facility consists of a $25 million Term Loan A and a $33 million Term Loan B, both available for drawdown within sixty days following closing. Mammoth intends to utilize the loan proceeds to finance the acquisition of additional aviation assets, enhancing its operational capacity within the sector.

AI-generated summary

Mammoth Energy Services, Inc. announced that its aviation subsidiaries, Cobra Aviation Services LLC and Leopard Aviation LLC, entered into a loan and security agreement with Bank7 on October 28, 2026.

The agreement provides for up to $58 million of senior secured term loans. The facility comprises 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.

Mammoth expects to use proceeds from the facility to fund the acquisition of additional aviation assets.

This article may include AI-generated content that is human-reviewed, which is for reference and general information purposes only and does not constitute investment advice.

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