secwatch.observer — SEC 8-K summary
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Issuer:     ProPetro Holding Corp. (PUMP)
CIK:        0001680247
Form:       8-K
Filed at:   2023-06-05T23:59:59+00:00
Accession:  0001680247-23-000043
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1680247/000168024723000043/0001680247-23-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1680247/000168024723000043/pump-20230602.htm
  HTML page:      https://secwatch.observer/filing/0001680247-23-000043

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