debt
confidence medium
sentiment neutral
materiality 0.60
ProPetro increases equipment financing facility by $53.55M to $157.25M with Caterpillar Financial
ProPetro Holding Corp.
- Added Loan Tranche B of $53.55M under existing Master Loan and Security Agreement with Caterpillar Financial Services Corporation.
- Proceeds used to purchase mobile gas turbine generator sets and auxiliary equipment.
- Original facility (Tranche A) was $103.7M; total availability now $157.25M.
- Loans are secured by equipment and fully guaranteed by ProPetro Holding Corp. and ProPetro Services, Inc.
- Final advance deadline for Tranche B is November 30, 2026; interest rates are redacted in the filing.