KOIL Energy Lands $5 Million Credit Line
The Houston-based subsea services provider plans to channel the new working capital into expanding its high-margin rental equipment fleet.
May 26, 2026
KOIL Energy Solutions, Inc. (OTCQB: KLNG) has secured a new asset-based revolving line of credit valued at up to $5 million, the deepwater equipment and services specialist announced on May 21, 2026. The Houston-based company entered the agreement with nFusion Capital Finance, LLC, a privately held working capital lender headquartered in Austin, Texas.
Flexible Capital for Rental Fleet Growth
The new facility, which KOIL can draw against on an as-needed basis, is designed to bolster working capital and fund the buildout of the company’s rental equipment fleet. Management has identified its rental equipment business as a high-margin offering and a central pillar of the company’s long-term growth strategy.
In conjunction with closing the nFusion facility, KOIL paid off and terminated a previously held receivables factoring arrangement with a commercial bank. With that prior arrangement fully settled, the company now reports no outstanding financial debt aside from ordinary lease obligations, leaving its balance sheet notably uncluttered.
Management Perspective
Chief Financial Officer Kurt Keller indicated that the agreement gives KOIL a more flexible source of capital to underwrite its expansion plans. He pointed to the rental equipment segment as a likely engine of future growth and noted that the new line of credit provides the company with greater liquidity and balance-sheet flexibility as it works to scale operations.
About KOIL Energy
KOIL Energy positions itself as a provider of subsea equipment and engineering services to global energy and offshore industries, focusing on the technical territory between production facilities and the underlying energy source. Its portfolio of offerings includes:
- Engineering and installation support for distribution systems
- Umbilical terminations
- Loose-tube steel flying leads
- Related project services
The company’s team also handles subsea engineering, manufacturing, commissioning, and maintenance work for projects in various regions worldwide.
A Strategic Pivot
The shift from a bank-led receivables factoring structure to an asset-based revolver gives KOIL access to capital on more flexible terms while consolidating its financing relationships under a single lender. With debt obligations now limited to leases, the company appears positioned to deploy the nFusion facility selectively toward growth investments rather than balance-sheet repair, signaling a strategic pivot toward fleet expansion at a moment when offshore energy demand continues to support deepwater service providers.
