secwatch.observer — SEC 8-K summary
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Issuer:     ProPetro Holding Corp. (PUMP)
CIK:        0001680247
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001104659-26-057128
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1680247/000110465926057128/0001104659-26-057128-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1680247/000110465926057128/tm2613899d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-057128

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