Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
ProFrac Holding Corp. incurred term loan of $365.0 million with CLMG Corp. as the agent and collateral agent at Base Rate plus 7.25% per annum; adjusted term SOFR for a one month interest peri maturing 2029-01-26.
- Instrument
- term loan
- Principal
- $365.0 million
- Counterparty
- CLMG Corp. as the agent and collateral agent
- Rate
- Base Rate plus 7.25% per annum; adjusted term SOFR for a one month interest peri
- Maturity
- 2029-01-26
- Event
- incurrence
Exact text from the filing
8-K. Pursuant to the terms of the Alpine Loan Documents, among other things, (i) the Lenders made certain term loans to PFP Holding in the aggregate principal amount of up to $365.0 million (the “ Term Loans ”); (ii) the obligations under the Alpine Term Loan Credit Agreement are guaranteed by ProFrac pursuant to the Unsecured ProFrac Guarantee Agreement and are
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
ProFrac Holding Corp. terminated Piper Term Loan Facility with Piper Sandler Finance LLC, as agent and collateral agent, and the lenders party thereto valued at aggregate principal amount of $808.4 million (effective 2023-12-27).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- Piper Sandler Finance LLC, as agent and collateral agent, and the lenders party thereto
- Value
- aggregate principal amount of $808.4 million
- Effective
- 2023-12-27
Exact text from the filing
the Company used a portion of the net proceeds from borrowings under the Alpine Term Loan Credit Agreement, together with the net proceeds from the Private Placement, to voluntarily prepay all outstanding term loans and other amounts under the Piper Term Loan Facility in the aggregate principal amount of $808.4 million and in connection therewith terminated the Piper Term Loan Facility.
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