Koil Energy Secures $5M Credit Facility, Boosts Liquidity for Growth
KLNG sits 95% above its 52-week low of $1.12.
Summary
Koil Energy has secured a new $5 million asset-based revolving credit facility. This facility replaces a prior receivables factoring arrangement, which has been fully repaid, leaving the company with no outstanding financial debt other than lease obligations. The new financing provides significant liquidity and financial flexibility, supporting working capital and accelerating the expansion of its high-margin rental equipment fleet. This follows a strong Q1 2026, where the company reported a return to net income and positive operating cash flow, marking a significant operational turnaround.
At the time of this announcement, KLNG was trading at $2.18 on OTC in the Energy & Transportation sector, with a market capitalization of approximately $27.4M. The 52-week trading range was $1.12 to $3.06. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.