---
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"
generated_at: "2026-06-18T22:52:12.600950+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# ProFrac completes $475M acquisition of Performance Proppants, upsizes ABL to $400M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-052415
- JSON: https://secwatch.observer/filing/0001193125-23-052415.json
- Plain text: https://secwatch.observer/filing/0001193125-23-052415.txt

## Key facts
- Debt Financings
  ProFrac Holding Corp. incurred revolving credit of approximately $298 million with JPMorgan Chase Bank, N.A..
  - Instrument: revolving credit
  - Principal: approximately $298 million
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Event: incurrence
  source text: In connection with the Performance Proppants Acquisition, ProFrac borrowed approximately $298 million under the Amended Credit Facility.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1881487/000119312523052415/0001193125-23-052415-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.