ProPetro proposes $500M convertible notes due 2031; amends ABL credit facility to $350M

ProPetro Holding Corp.

Proposes $500M convertible senior notes due Nov 2031; initial purchasers may buy additional $75M.
Net proceeds to fund capped call transactions (reduce dilution) and growth capital for power generation.
Amends ABL credit facility: maturity extended to May 2031, commitments increased to $350M, adds power equipment to borrowing base.
As of May 1, 2026: cash $154M; ABL borrowing base ~$150.8M; amendment includes $690M convertible debt basket.
Capped calls cover initial shares; if stock exceeds cap price, dilution may still occur.

item 7.01 item 8.01 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001104659-26-054472
form_type: 8-K
ticker: PUMP
cik: 0001680247
company_name: ProPetro Holding Corp.
filed_at: 2026-05-04T23:59:59+00:00
discovered_at: 2026-05-14T18:02:32.725782+00:00
generated_at: 2026-05-14T23:56:06.887964+00:00
sec_items: ["7.01", "8.01", "9.01"]
event_type: debt
sentiment: neutral
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: high
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json_url: https://secwatch.observer/filing/0001104659-26-054472.json
markdown_url: https://secwatch.observer/filing/0001104659-26-054472.md
text_url: https://secwatch.observer/filing/0001104659-26-054472.txt
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