ProFrac reduces credit line to $275M, extends maturity to Sept 2027, tightens covenants

ProFrac Holding Corp.

Maximum availability under revolving credit facility reduced to $275.0 million from prior level.
Maturity extended six months to September 3, 2027.
SOFR loan margin set at 1.75%-2.25%, stepping up 0.25% every 3 months to 3.00%-3.50%.
Minimum liquidity covenant replaced with $45.0 million minimum availability covenant (up from $15.0M).
Unused line fee fixed at 0.375%; certain negative covenant exceptions curtailed or removed.

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