---
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"
generated_at: "2026-06-07T06:34:14.685866+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# ProFrac closes $885M refinancing, extends maturities to 2029, reorganizes proppant segment

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 8.01, 1.02, 2.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-304276
- JSON: https://secwatch.observer/filing/0001193125-23-304276.json
- Plain text: https://secwatch.observer/filing/0001193125-23-304276.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1881487/000119312523304276/0001193125-23-304276-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1881487/000119312523304276/0001193125-23-304276-index.htm

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