debt
confidence high
sentiment positive
materiality 0.65
ProFrac closes $300M ABL refinancing with Eclipse, replacing $275M JPM facility, extending maturity to 2030
ProFrac Holding Corp.
- New $300M asset-based revolver with Eclipse Business Capital, matures July 2030, replacing $275M JPM facility maturing Sept 2027.
- Borrowing base terms improved, providing increased liquidity; uncommitted accordion allows up to $325M.
- Seventh Supplemental Indenture raises permitted debt under 2029 notes from $275M to $325M.
- Proceeds used to repay and terminate prior JPM ABL facility; Moelis & Co. acted as placement agent.