{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-052415","form_type":"8-K","ticker":"ACDC","cik":"0001881487","company_name":"ProFrac Holding Corp.","filed_at":"2023-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.326877+00:00","generated_at":"2026-06-18T22:52:12.600950+00:00","sec_items":["1.01","2.03","7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"ProFrac completes $475M acquisition of Performance Proppants, upsizes ABL to $400M","bullets":["Acquired Performance Proppants for $475M ($469M cash + $6M stock) – largest in-basin proppant producer in Haynesville.","ABL credit facility upsized from $280M to $400M; borrowed $298M for acquisition, leaving $79M available.","Acquisition adds 10.4M tons/year proppant capacity; total capacity now 22.6M tons/year across Permian, Eagle Ford, Haynesville.","ProFrac issued 312,826 shares of Class A common stock as part of consideration.","Piper Sandler served as financial advisor; Winston & Strawn and Lowenstein Sandler as legal advisors."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-052415","json":"https://secwatch.observer/filing/0001193125-23-052415.json","markdown":"https://secwatch.observer/filing/0001193125-23-052415.md","text":"https://secwatch.observer/filing/0001193125-23-052415.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1881487/000119312523052415/0001193125-23-052415-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1881487/000119312523052415/d423318d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T22:52:12.600950+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3c4b909e61e016a9d827a37b334f3387569089f3","claim":"ProFrac Holding Corp. incurred revolving credit of approximately $298 million with JPMorgan Chase Bank, N.A..","evidence_excerpt":"In connection with the Performance Proppants Acquisition, ProFrac borrowed approximately $298 million under the Amended Credit Facility.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1881487/000119312523052415/0001193125-23-052415-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"approximately $298 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}