{"filing":{"accession_number":"0000928054-26-000090","cik":"0000928054","ticker":"FTK","company_name":"FLOTEK INDUSTRIES INC/CN/","form":"8-K","filing_date":"2026-09-23","report_date":"2026-09-23","primary_document":"ftk-20260923.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/928054/000092805426000090/ftk-20260923.htm"},"events":[{"id":34637,"run_id":31878,"accession_number":"0000928054-26-000090","anchor_item_number":"2.03","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"summary":"Flotek Industries entered into a new senior secured term loan facility on September 23, 2026, providing $75 million in initial funding and up to $45 million in delayed-draw availability (total $120 million), maturing September 23, 2031. The proceeds were used to refinance the existing $40 million PWRTEK Note and fund capital expenditures and working capital.","company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","filing_date":"2026-09-23","form":"8-K","submitted_at":null,"items":[{"id":38427,"accession_number":"0000928054-26-000090","item_number":"1.01","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Flotek entered into a Credit Agreement on September 23, 2026, creating a new senior secured term loan facility with $75 million in initial funding and up to $45 million in delayed-draw availability (total $120 million). The proceeds were used to refinance existing indebtedness and fund capital expenditures and working capital. This is a material creation of direct financial obligations under Item 1.01, distinct from a covenant breach or existing debt modification.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-23T20:42:56.331041+00:00","company_name":"","ticker":null,"filing_date":""},{"id":38428,"accession_number":"0000928054-26-000090","item_number":"1.02","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"Item 1.02 discloses termination of the $40 million PWRTEK Note through repayment using proceeds from a new $120 million secured term loan facility. While the Item title emphasizes termination, the substantive event is the creation of a new material debt obligation ($75 million initial funding plus up to $45 million delayed-draw availability) that refinances existing debt and provides capital for strategic initiatives. The press release confirms this is a new term loan agreement with Elda River Capital as lead lender, maturing September 23, 2031, making it a debt_issuance event. The termination of the prior note is incidental to the primary financing transaction.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-23T20:42:56.331041+00:00","company_name":"","ticker":null,"filing_date":""},{"id":38429,"accession_number":"0000928054-26-000090","item_number":"2.03","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Flotek Industries entered into a new secured term loan agreement providing $75 million of immediate funding and up to $45 million of delayed-draw availability, totaling up to $120 million. The filing explicitly states this is responsive to Item 2.03 (Creation of a Direct Financial Obligation), and the press release details the loan terms, maturity date of September 23, 2031, lenders (Elda River Capital Management and Antarctica Capital affiliate), and intended use of proceeds. This is a material creation of a new direct financial obligation.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-23T20:42:56.331041+00:00","company_name":"","ticker":null,"filing_date":""},{"id":38430,"accession_number":"0000928054-26-000090","item_number":"7.01","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Flotek announced the closing of a new $120 million senior secured term loan agreement with Elda River Capital Management as lead lender, providing $75 million at closing and up to $45 million in delayed-draw availability. This is a material creation of a direct financial obligation—a new debt issuance—distinct from refinancing or covenant issues. The press release emphasizes the financing's role in supporting strategic growth, capital expenditures, and refinancing existing debt, which is typical debt_issuance disclosure.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-23T20:42:56.331041+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":38427,"accession_number":"0000928054-26-000090","item_number":"1.01","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Flotek entered into a Credit Agreement on September 23, 2026, creating a new senior secured term loan facility with $75 million in initial funding and up to $45 million in delayed-draw availability (total $120 million). The proceeds were used to refinance existing indebtedness and fund capital expenditures and working capital. This is a material creation of direct financial obligations under Item 1.01, distinct from a covenant breach or existing debt modification.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-23T20:42:56.331041+00:00","company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","filing_date":"2026-09-23"},{"id":38428,"accession_number":"0000928054-26-000090","item_number":"1.02","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.75,"reasoning":"Item 1.02 discloses termination of the $40 million PWRTEK Note through repayment using proceeds from a new $120 million secured term loan facility. While the Item title emphasizes termination, the substantive event is the creation of a new material debt obligation ($75 million initial funding plus up to $45 million delayed-draw availability) that refinances existing debt and provides capital for strategic initiatives. The press release confirms this is a new term loan agreement with Elda River Capital as lead lender, maturing September 23, 2031, making it a debt_issuance event. The termination of the prior note is incidental to the primary financing transaction.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-23T20:42:56.331041+00:00","company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","filing_date":"2026-09-23"},{"id":38429,"accession_number":"0000928054-26-000090","item_number":"2.03","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Flotek Industries entered into a new secured term loan agreement providing $75 million of immediate funding and up to $45 million of delayed-draw availability, totaling up to $120 million. The filing explicitly states this is responsive to Item 2.03 (Creation of a Direct Financial Obligation), and the press release details the loan terms, maturity date of September 23, 2031, lenders (Elda River Capital Management and Antarctica Capital affiliate), and intended use of proceeds. This is a material creation of a new direct financial obligation.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-23T20:42:56.331041+00:00","company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","filing_date":"2026-09-23"},{"id":38430,"accession_number":"0000928054-26-000090","item_number":"7.01","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Flotek announced the closing of a new $120 million senior secured term loan agreement with Elda River Capital Management as lead lender, providing $75 million at closing and up to $45 million in delayed-draw availability. This is a material creation of a direct financial obligation—a new debt issuance—distinct from refinancing or covenant issues. The press release emphasizes the financing's role in supporting strategic growth, capital expenditures, and refinancing existing debt, which is typical debt_issuance disclosure.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-09-23T20:42:56.331041+00:00","company_name":"FLOTEK INDUSTRIES INC/CN/","ticker":"FTK","filing_date":"2026-09-23"}]}