ProPetro enters $103.7M loan agreement with Caterpillar Financial to fund turbine generators

ProPetro Holding Corp.

Loan facility up to $103.7M from Caterpillar Financial Services; 85% of purchase price for mobile gas turbine generator sets.
Initial interim advances at floating rate (3M USDSOFR + 3.85% + index adjustment); converts to fixed-rate term notes (3yr Treasury + 3.70% + index).
Term notes amortize over up to 5 years; prepayment penalty of 3% for early repayment within first 6 months of term note or during interim phase.
Guarantors: ProPetro Holding Corp and ProPetro Services fully and unconditionally guarantee all obligations.
First-lien security on equipment collateral; customary affirmative and negative covenants apply.

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