HOUSTON, May 22, 2026 (GLOBE NEWSWIRE) -- KOIL Energy Solutions, Inc. (OTCQB:KLNG), a specialist in deepwater energy production and distribution equipment and services, today announced the closing of a new asset-based lending facility.

KOIL entered a $5 million asset-based revolving line of credit with nFusion Capital Finance, LLC, ("nFusion"), an Austin, Texas-based private working capital finance company. The facility, which will be drawn on an as-needed basis, will support working capital and accelerate KOIL's strategy to expand its fleet of rental equipment, and replace a prior receivables factoring arrangement with a commercial bank, which has been repaid in full and terminated.

As a result of this new facility and the payoff of the prior ...