ProPetro Holding Corp. announced that its wholly owned subsidiary, ProPetro Energy Solutions, LLC, has entered into an amendment to its existing Master Loan and Security Agreement with Caterpillar Financial Services Corporation. Under the amended agreement, Caterpillar Financial will increase the available funds by an additional $53.55 million. The financing will be used to purchase turbine generator sets and related auxiliary equipment. The loans will be secured by the acquired equipment and fully guaranteed by ProPetro Holding Corp. and ProPetro Services, Inc., with the agreement including customary covenants and restrictions on further encumbrance of the collateral.

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