8-K filed May 7, 2026, 7:59 PM ET ticker PUMP CIK 0001680247

debt confidence high sentiment neutral materiality 0.80

ProPetro issues $690M zero-coupon convertible notes due 2031, expands credit facility

ProPetro Holding Corp.

Issued $690M 0.00% convertible senior notes due 2031, including full exercise of $90M greenshoe.
Initial conversion price ~$23.17/share, 37.5% premium over $16.85 closing price on May 4, 2026.
Entered capped call transactions costing ~$36.8M to reduce dilution, cap price ~$29.49/share.
Amended ABL facility: commitments raised to $350M, maturity extended to May 4, 2031, added power generation equipment as borrowing base.
Net proceeds ~$581.3M ($668.6M if full greenshoe) for general corporate purposes and power generation equipment.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001104659-26-057128
form_type: 8-K
ticker: PUMP
cik: 0001680247
company_name: ProPetro Holding Corp.
filed_at: 2026-05-07T23:59:59+00:00
discovered_at: 2026-05-14T18:02:32.726023+00:00
generated_at: 2026-05-14T21:50:55.722520+00:00
sec_items: ["1.01", "2.03", "3.02", "8.01", "9.01"]
event_type: debt
sentiment: neutral
materiality_score: 0.8
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Source-grounded claims

b702f56d3d470dfc698e9c7f54380ce7499f01ee

ProPetro Holding Corp. incurred convertible notes of $690 million with U.S. Bank Trust Company, National Association at 0.00% maturing November 15, 2031.

On May 7, 2026, ProPetro Holding Corp. (the “ Company ”), issued $690 million aggregate principal amount of its 0.00% Convertible Senior Notes due 2031

SEC 8-K Item 2.03/2.04 confidence 0.9 SEC evidence

5115957a08d709742b3a631a2e8f5107db991d2d

ProPetro Holding Corp. entered into Indenture with U.S. Bank Trust Company, National Association valued at $690 million (effective 2026-05-07).

On May 7, 2026, ProPetro Holding Corp. (the “ Company ”), issued $690 million aggregate principal amount of its 0.00% Convertible Senior Notes due 2031 (the “ Notes ”), which included the exercise in full of the Initial Purchasers’ (as defined below) option to purchase up to an additional $90 million principal amount of Notes. The Notes were issued pursuant to, and are governed by, an indenture (the “ Indenture ”), dated as of May 7, 2026, between the Company and U.S. Bank Trust Company, National Association, as trustee (the “ Trustee ”).

SEC 8-K Item 1.01/1.02 confidence 0.9 SEC evidence

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Knight-Swift Transportation Holdings Inc. May 8, 2026, 7:59 PM ET debt Items 1.01, 2.03, 3.02, 8.01, 9.01

same fact type: debt_financing, material_agreement same SEC item: 1.01, 2.03, 3.02, 8.01, 9.01 same event type: debt similar materiality

This filing

On May 7, 2026, ProPetro Holding Corp. (the “ Company ”), issued $690 million aggregate principal amount of its 0.00% Convertible Senior Notes due 2031

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On May 8, 2026, Knight-Swift Transportation Holdings Inc. (the "Company") completed its previously announced private offering (the "Offering") of $1.5 billion aggregate principal amount of 1.00% Convertible Senior Notes due 2031

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This filing

On May 7, 2026, ProPetro Holding Corp. (the “ Company ”), issued $690 million aggregate principal amount of its 0.00% Convertible Senior Notes due 2031

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The first Convertible Debenture (the “First Debenture”) in the principal amount of $20,000,000 was issued on May 7, 2026.

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same fact type: debt_financing, material_agreement same SEC item: 1.01, 2.03, 3.02, 9.01 same event type: debt similar materiality

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On May 7, 2026, ProPetro Holding Corp. (the “ Company ”), issued $690 million aggregate principal amount of its 0.00% Convertible Senior Notes due 2031

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same fact type: debt_financing, material_agreement same SEC item: 1.01, 2.03, 3.02, 9.01 same event type: debt similar materiality

This filing

On May 7, 2026, ProPetro Holding Corp. (the “ Company ”), issued $690 million aggregate principal amount of its 0.00% Convertible Senior Notes due 2031

Comparable filing

On May 7, 2026, Ocugen, Inc. (the “Company”) completed its previously announced private offering (the “offering”) of $115.0 million aggregate principal amount of 6.75% Convertible Senior Notes due 2034 (the “notes”).

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On May 7, 2026, ProPetro Holding Corp. (the “ Company ”), issued $690 million aggregate principal amount of its 0.00% Convertible Senior Notes due 2031

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Industrial Logistics Properties Trust May 8, 2026, 7:59 PM ET debt Items 1.01, 1.02, 2.03, 9.01

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On May 7, 2026, ProPetro Holding Corp. (the “ Company ”), issued $690 million aggregate principal amount of its 0.00% Convertible Senior Notes due 2031

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BuzzFeed, Inc. May 7, 2026, 7:59 PM ET debt Items 1.01, 2.03, 9.01

same fact type: debt_financing, material_agreement same SEC item: 1.01, 2.03, 9.01 same event type: debt similar materiality

This filing

On May 7, 2026, ProPetro Holding Corp. (the “ Company ”), issued $690 million aggregate principal amount of its 0.00% Convertible Senior Notes due 2031

Comparable filing

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TSEOF

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Trinseo PLC June 1, 2026, 4:23 PM ET debt Items 1.01, 2.03, 9.01

same fact type: material_agreement same SEC item: 1.01, 2.03, 9.01 same event type: debt similar materiality

This filing

On May 7, 2026, ProPetro Holding Corp. (the “ Company ”), issued $690 million aggregate principal amount of its 0.00% Convertible Senior Notes due 2031 (the “ Notes ”), which included the exercise in full of the Initial Purchasers’ (as defined below) option to purchase up to an additional $90 million principal amount of Notes. The Notes were issued pursuant to, and are governed by, an indenture (the “ Indenture ”), dated as of May 7, 2026, between the Company and U.S. Bank Trust Company, National Association, as trustee (the “ Trustee ”).

Comparable filing

On May 28, 2026, the Company, as parent, Trinseo NA Finance LLC, as holdings, Trinseo Luxco Finance SPV S.à r.l. and Trinseo NA Finance SPV LLC (together, the “ SHC Borrowers ”), as borrowers, the guarantors party thereto from time to time, the lenders party thereto from time to time (the “ SHC DIP Lenders ”), and Alter Domus (US) LLC, as administrative agent and collateral agent, entered into a Senior Secured Super-Priority Debtor-In-Possession HoldCo Credit Agreement (the “ Super-Holdco DIP Credit Agreement ”), providing for a senior secured super-priority priming term loan debtor-in-possession credit facility in an aggregate principal amount of $157.5 million (the “ Super-Holdco DIP Facility ”).

Filing page SEC filing

Source: SEC EDGAR

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