---
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"
generated_at: "2026-05-14T23:56:06.887964+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1680247/000110465926054472/0001104659-26-054472-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1680247/000110465926054472/tm2613443d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-054472
- JSON: https://secwatch.observer/filing/0001104659-26-054472.json
- Plain text: https://secwatch.observer/filing/0001104659-26-054472.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.