---
schema_version: "secwatch.filing_event.v1"
accession: "0001680247-23-000043"
form_type: "8-K"
ticker: "PUMP"
cik: "0001680247"
company_name: "ProPetro Holding Corp."
filed_at: "2023-06-05T23:59:59+00:00"
generated_at: "2026-06-14T07:25:09.649018+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# ProPetro expands ABL credit facility to $225M, extends maturity to 2028

## Summary
- Revolver increased from $150M to $225M; maturity extended to June 2028.
- Borrowing base uses 90% of investment-grade accounts and 85% of other eligible accounts.
- Term SOFR margin ranges from 1.75% to 2.25%; base rate margin from 0.75% to 1.25%.
- Unused line fee ranges from 0.375% to 0.50% based on facility usage.
- Facility secured by substantially all borrower assets; springing 1.0x FCCR covenant.

## SEC filing metadata
- accession: 0001680247-23-000043
- form_type: 8-K
- ticker: PUMP
- cik: 0001680247
- company_name: ProPetro Holding Corp.
- filed_at: 2023-06-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1680247/000168024723000043/0001680247-23-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1680247/000168024723000043/pump-20230602.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001680247-23-000043
- JSON: https://secwatch.observer/filing/0001680247-23-000043.json
- Plain text: https://secwatch.observer/filing/0001680247-23-000043.txt

## Key facts
- Material Agreements
  ProPetro Holding Corp. amended Amendment No. 1 to Amended and Restated Credit Agreement with Barclays Bank PLC valued at $225 million (effective 2023-06-02).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Barclays Bank PLC
  - Value: $225 million
  - Effective: 2023-06-02
  source text: On June 2, 2023 (the “Closing Date”), ProPetro Holding Corp. (the “Company”, “we,” “us,” “our” and similar terms) and ProPetro Services, Inc. (the “Borrower”) entered into that certain Amendment No. 1 to Amended and Restated Credit Agreement (the “ABL Amendment”) which amends that certain Amended and Restated Credit Agreement, dated as of April 13, 2022 (the “ Credit Agreement ”; the Credit Agreement as amended by the ABL Amendment, the “Amended ABL”) with Barclays Bank PLC as agent (the “Agent”) and the lenders party thereto. The credit facility under the Amended ABL (the “Facility”) has a maximum revolver amount of $225 million as of the Closing Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1680247/000168024723000043/0001680247-23-000043-index.htm

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