---
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"
generated_at: "2026-05-14T21:50:55.722520+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1680247/000110465926057128/0001104659-26-057128-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1680247/000110465926057128/tm2613899d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-057128
- JSON: https://secwatch.observer/filing/0001104659-26-057128.json
- Plain text: https://secwatch.observer/filing/0001104659-26-057128.txt

## Source-grounded claims
- claim_id: b702f56d3d470dfc698e9c7f54380ce7499f01ee
  claim: ProPetro Holding Corp. incurred convertible notes of $690 million with U.S. Bank Trust Company, National Association at 0.00% maturing November 15, 2031.
  evidence_excerpt: On May 7, 2026, ProPetro Holding Corp. (the “ Company ”), issued $690 million aggregate principal amount of its 0.00% Convertible Senior Notes due 2031
  evidence_url: https://www.sec.gov/Archives/edgar/data/1680247/000110465926057128/0001104659-26-057128-index.htm
- claim_id: 5115957a08d709742b3a631a2e8f5107db991d2d
  claim: ProPetro Holding Corp. entered into Indenture with U.S. Bank Trust Company, National Association valued at $690 million (effective 2026-05-07).
  evidence_excerpt: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1680247/000110465926057128/0001104659-26-057128-index.htm

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