Cactus Inc., through its subsidiary Cactus Companies, LLC, has entered into an amendment to its existing Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. and other lenders. The amendment establishes a new delayed draw term loan facility of up to $100 million, or 85% of the appraised value of certain machinery and equipment, to be used primarily for the acquisition of membership interests in Baker Hughes Pressure Control LLC and related expenses. The term loan facility, undrawn at closing, allows for up to two draws within six months and matures three years after the first funding. The facility bears interest at a variable rate depending on the chosen benchmark, with applicable margins of 2.50% or 3.50%, and includes quarterly amortization starting no earlier than April 2026. The amendment also extends the maturity of the revolving credit facility commitments to December 1, 2030, and expands the collateral to include additional equipment and intellectual property.