ProPetro enters $350M power generator lease with Stonebriar; ups credit facility basket to $425M

ProPetro Holding Corp.

Amendment No. 3 to credit agreement increases capital lease/purchase money debt basket to $425M.
Stonebriar facility provides up to $350M for power generator equipment via interim funding and master lease.
Interim rate: 1-Month SOFR + 6.25%; lease term 84 months upon conversion; purchase options included.
Financing supports fleet electrification with early termination and buyout rights at various points.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ProPetro Holding Corp. entered into Interim Funding Agreement with Stonebriar Commercial Finance LLC valued at $350 million (effective 2025-12-29).

Action: entry
Agreement: lease
Counterparty: Stonebriar Commercial Finance LLC
Value: $350 million
Effective: 2025-12-29

Exact text from the filing

ProPetro Energy Solutions, LLC (“ProPetro Energy Solutions”), a wholly owned subsidiary of the Company, entered into an Interim Funding Agreement and a Master Lease Agreement with Stonebriar Commercial Finance LLC (“Stonebriar”) for the right, but not the obligation, to fund up to $350 million of purchases of power generator equipment.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ProPetro Holding Corp. amended Amendment No. 3 to Amended and Restated Credit Agreement (effective 2025-12-26).

Action: amendment
Agreement: credit facility
Effective: 2025-12-26

Exact text from the filing

Effective December 26, 2025, ProPetro Holding Corp. (the “Company”) entered into an amendment to its Amended and Restated Credit Agreement.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ProPetro Holding Corp. entered into Master Lease Agreement with Stonebriar Commercial Finance LLC valued at $350 million (effective 2025-12-29).

Action: entry
Agreement: lease
Counterparty: Stonebriar Commercial Finance LLC
Value: $350 million
Effective: 2025-12-29

Exact text from the filing

ProPetro Energy Solutions, LLC (“ProPetro Energy Solutions”), a wholly owned subsidiary of the Company, entered into an Interim Funding Agreement and a Master Lease Agreement with Stonebriar Commercial Finance LLC (“Stonebriar”) for the right, but not the obligation, to fund up to $350 million of purchases of power generator equipment.

View on SEC.gov

119 material agreements filed in the last 30 days. Browse all material agreements →

ProPetro Holding Corp. filing history →

Source: SEC EDGAR

accession 0001680247-25-000158

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.