Mammoth Energy Services has amended its credit facility to include a five-year $185 million asset-backed revolving credit facility, extending the maturity to October 2023.

The new facility is led by PNC Capital Markets and will be used for general corporate purposes in addition to strategic growth initiatives and/or acquisitions. It includes an uncommitted accordion facility of $165 million. The facility is currently undrawn.

“We are pleased with the support of our bank group and their continued commitment to Mammoth, providing us competitive financing alternatives should we need them”, said Mark Layton, CFO.

Mammoth is an integrated, growth-oriented energy service company serving companies engaged in the exploration and development of North American onshore unconventional oil and natural gas reserves.