ProFrac Holdings II amends term loan, borrows additional $170M, total ~$839M outstanding

ProFrac Holding Corp.

On Feb 1, 2023, ProFrac Holdings II borrowed $170M in Additional Term B Loans under amended term loan credit agreement.
Total outstanding under the Amended Term Loan Agreement is approximately $839 million after the draw.
The amendment required consent from Required Lenders and satisfaction of conditions including solvency certificate and legal opinions.
Additional Term B Loans are on same terms as existing Term Loans; amortization starts after first full fiscal quarter post-effective date.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ProFrac Holding Corp. amended Fourth Amendment to Term Loan Credit Agreement with Piper Sandler Finance LLC valued at $170 million (effective 2023-02-01).

Action: amendment
Agreement: credit facility
Counterparty: Piper Sandler Finance LLC
Value: $170 million
Effective: 2023-02-01

Exact text from the filing

On February 1, 2023, the parties to the Term Loan Agreement entered into the Fourth Amendment to Term Loan Credit Agreement (the “ Fourth Term Loan Amendment ” and the Term Loan Agreement, as amended by the Fourth Term Loan Amendment, the “ Amended Term Loan Agreement ”).

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ProFrac Holding Corp. filing history →

Source: SEC EDGAR

accession 0001193125-23-022198

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