secwatch.observer — SEC 8-K summary
======================================

Issuer:     ProFrac Holding Corp. (ACDC)
CIK:        0001881487
Form:       8-K
Filed at:   2024-06-14T23:59:59+00:00
Accession:  0001193125-24-161653
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ProFrac issues $120M notes due 2029 to fund acquisition of four fleets
----------------------------------------------------------------------

- Issued $120M aggregate principal of Senior Secured Floating Rate Notes due 2029 to Beal Bank and Beal Bank USA.
- Notes issued to fund acquisition of four fleets from a private seller for cash.
- ProFrac Holdings II entered into Eighth Amendment to Credit Agreement with JPMorgan to permit the transaction.
- Subsidiary acquiring assets will guarantee the notes and pledge its assets as collateral.
- Amortization schedule: prepayments of $12.308M on June 30, Sept 30, Dec 31, 2024, then $18.462M quarterly.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1881487/000119312524161653/0001193125-24-161653-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1881487/000119312524161653/d845282d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-161653

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer