Flex Leasing Power and Service Announces New Financing Led by Texas Capital Bank to Meet Growing Demand
| Source: Flex Leasing Power and Service
- Proceeds will be used to increase the fleet of Flex Turbines® to over 50 MW of installed capacity by the end of 2019.
- Newbuild Flex Turbines will be manufactured and delivered to Flex Leasing Power and Service (FLPS) by its sister-OEM business, FlexEnergy.
- Growing market acceptance of FLPS offerings, including the innovative FlexGrid microgrid solution, continues to drive demand in oil production applications.
DENVER, March 05, 2019 (GLOBE NEWSWIRE) — Flex Leasing Power and Service, LLC, (FLPS) the leader in small gas turbine power solutions for the oil and gas sector, today announced that it has closed on a senior secured credit facility with Texas Capital Bank to support the continued growth of its fleet of Flex Turbines® through 2019 and beyond. The company expects to increase the size of its fleet by approximately 30% in 2019, bringing total installed capacity to over 50 MW by the end of the year. Newbuild Flex Turbines will be manufactured and delivered to FLPS by its sister-OEM business, FlexEnergy.