Mammoth Energy Gets $150M Instalment From Puerto Rico Settlement

Mammoth Energy unit Cobra Acquisitions has received $150m from Puerto Rico as part of a settlement agreement with the Puerto Rico Electric Power Authority.

• Mammoth to extinguish all outstanding obligations under its term credit facility on or before October 16
• Company expects remaining $98.8m, along with the $38.4 million still owed to it through the remaining installments to have a transformative impact on its business

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Divya Balji at dbalji1@bloomberg.net ...