ProFrac amends Alpine term loan, cancels $60M affiliate debt via Flotek share transfer

ProFrac Holding Corp.

Fifth Amendment extends Alpine term loan maturity from Jan 26 2029 to Feb 15 2030; allows PIK interest on 675 bps for 12 months.
$60M of Alpine term loans assigned to affiliates THRC Holdings and Farris Wilks, then cancelled for 2,306,806 Flotek shares.
ProFrac GDM sold 1,319,493 Flotek shares to THRC ($34.32M) and 987,313 to Farris Wilks ($25.68M) by 5-day VWAP.
Amendment cuts quarterly amortization to $0 through Q1 2028, then $10M/quarter; requires 100% excess cash flow prepayment.
Related-party transaction with founders Dan and Farris Wilks, who control ~82.32% voting power; distributions capped at $1M annual basket.

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