Dawson Geophysical Secures $5 Million Revolving Credit Facility with Equify Financial
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Dawson Geophysical Company has secured a $5 million revolving credit facility with Equify Financial. The agreement allows borrowing up to $5,035,032 until November 20, 2028, with repayments starting December 20, 2025, at an annual interest rate of 13%. The loan is secured by a lien on the company’s vibrator energy source vehicles and was approved by Dawson’s Audit Committee. Dan and Farris Wilks, who control both companies, are involved in the transaction.
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