{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-304276","form_type":"8-K","ticker":"ACDC","cik":"0001881487","company_name":"ProFrac Holding Corp.","filed_at":"2023-12-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.269075+00:00","generated_at":"2026-06-07T06:34:14.685866+00:00","sec_items":["1.01","8.01","1.02","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"ProFrac closes $885M refinancing, extends maturities to 2029, reorganizes proppant segment","bullets":["Closed $365M Alpine Term Loan and $520M Senior Secured Notes due 2029; used to repay existing $808.4M Piper Term Loan and other debt.","Extended near-term debt maturities from March 2025 to January 2029, eliminating near-term maturities.","Reorganized proppant production assets into Alpine Holding subsidiary to enable strategic optionality for value realization.","Amended ABL credit facility capacity to $325M from $400M; fully repaid First Financial Term Loan and REV Seller Note."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-304276","json":"https://secwatch.observer/filing/0001193125-23-304276.json","markdown":"https://secwatch.observer/filing/0001193125-23-304276.md","text":"https://secwatch.observer/filing/0001193125-23-304276.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1881487/000119312523304276/0001193125-23-304276-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1881487/000119312523304276/d669636d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T06:34:14.685866+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":"76ca363d36f527ad1fea8416328ede9f4b11fd4a","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1881487/000119312523304276/0001193125-23-304276-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$365.0 million"},{"label":"Counterparty","value":"CLMG Corp. as the agent and collateral agent"},{"label":"Rate","value":"Base Rate plus 7.25% per annum; adjusted term SOFR for a one month interest peri"},{"label":"Maturity","value":"2029-01-26"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"6f356cd2f76c7f2b7ecb499f6db2e3e81578e623","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1881487/000119312523304276/0001193125-23-304276-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Piper Sandler Finance LLC, as agent and collateral agent, and the lenders party thereto"},{"label":"Value","value":"aggregate principal amount of $808.4 million"},{"label":"Effective","value":"2023-12-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}