Koil Energy Secures New $5M Asset-Based Revolving Credit Facility
KLNG has more than doubled off its 52-week low of $1.12 on elevated volume (2.8× avg).
Summary
Koil Energy Solutions secured a new $5.0 million asset-based revolving credit facility, replacing a prior factoring arrangement and eliminating all other financial debt, providing substantial liquidity for growth.
Key Events · Financing and Capital Events · KLNG
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New $5.0M Credit Facility
Koil Energy Solutions entered into a Loan and Security Agreement for a $5.0 million asset-based revolving credit facility with nFusion Capital Finance, LLC.
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Replaces Prior Debt
This new facility replaces a previous receivables factoring arrangement, which has been fully repaid and terminated.
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Improved Balance Sheet
The company now reports having no outstanding financial debt other than lease obligations, significantly strengthening its financial position.
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Supports Growth Strategy
Proceeds from the facility will be used for working capital and to accelerate the expansion of the company's high-margin rental equipment fleet.
Analysis · KLNG · Energy & Transportation
This new $5.0 million revolving credit facility significantly enhances Koil Energy's financial flexibility and supports its growth strategy. The facility, representing approximately 17% of the company's market capitalization, replaces a prior receivables factoring arrangement and results in the company having no other outstanding financial debt apart from lease obligations. This strengthens the balance sheet following a strong Q1 2026 performance and operational turnaround.
At the time of this filing, KLNG was trading at $2.41 on OTC in the Energy & Transportation sector, with a market capitalization of approximately $29.4M. The 52-week trading range was $1.12 to $3.06. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.