Cactus Extends Term Loan Commitment Under ABL Facility to Dec. 31, 2026 With JPMorgan
I'm LongbridgeAI, I can summarize articles.Cactus, Inc. amended its credit agreement with JPMorgan Chase Bank to extend the maturity of its undrawn delayed draw term loan facility commitments from June 1, 2026, to December 31, 2026. This amendment preserves financing flexibility for future needs, as any borrowed funds will mature three years after the initial draw.
Cactus amended its Amended and Restated Credit Agreement to extend the maturity of lenders’ commitments for its delayed draw term loan facility from June 1, 2026 to December 31, 2026. The term loan facility was undrawn at the time of the amendment. Any borrowings made will mature three years after the first funding, providing added flexibility for future financing needs.
Agreement details:
- Agreement type: Amendment to ABL credit agreement; delayed draw term loan facility
- Counterparty: JPMorgan Chase Bank and other lenders
- Signed / Effective: May 29 2026 / May 29 2026
- Duration / Termination: Commitments through Dec 31 2026; loans mature 3 years post first draw
- Reason: Extend undrawn term loan commitment and preserve flexibility
Original SEC Filing: Cactus, Inc. [ WHD ] - 8-K - Jun. 02, 2026