ProFrac Holding Corp. (ACDC): debt financing — ProFrac draws $70M in delayed draw term loans; total outstanding ~$669M

ProFrac Holding Corp.

On Jan 20, 2023, ProFrac Holdings II LLC borrowed $70M of Delayed Draw Term B Loans under the Amended Term Loan Agreement.
Total outstanding under the agreement after the draw is approximately $669M.
No additional delayed draw term loans remain available under the agreement.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

ProFrac Holding Corp. incurred term loan of $70 million of Delayed Draw Term B Loans with existing and new term lenders at Not specified maturing Not specified.

Instrument: term loan
Principal: $70 million of Delayed Draw Term B Loans
Counterparty: existing and new term lenders
Rate: Not specified
Maturity: Not specified
Event: incurrence

Exact text from the filing

On January 20, 2023, certain of the existing and new term lenders under the Amended Term Loan Agreement funded ProFrac II LLC’s request for $70 million of Delayed Draw Term B Loans (as defined in the Amended Term Loan Agreement) (the “ Second Term B Loan Delayed Draw ”).

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Source: SEC EDGAR

accession 0001193125-23-012513

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