secwatch.observer — SEC 8-K summary
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Issuer:     ProFrac Holding Corp. (ACDC)
CIK:        0001881487
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001193125-22-274562
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 2.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ProFrac closes US Well Services acquisition; 12.9M shares issued, ~$270M equity value
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- Equity consideration ~$270M, 12.9M shares; cash used to retire ~$170M USWS debt, plus $22M prepayment penalties.
- ABL credit facility increased from $200M to $280M; ~$164M borrowed to fund acquisition.
- Acquisition makes ProFrac the largest electric frac provider with 12 electric fleets and over 13 Tier IV dual fuel fleets.
- USWS warrants assumed; Term C Loan warrants purchased for ~$2.6M and canceled.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1881487/000119312522274562/0001193125-22-274562-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1881487/000119312522274562/d377878d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-274562

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