ProFrac Holding Corp. has announced a series of strategic financial transactions aimed at enhancing its liquidity and financial flexibility. The company plans to issue additional 2029 Senior Notes, totaling $60 million, in three separate $20 million offerings. The first of these was purchased by affiliates of the Wilks family in the second quarter of 2025, with the remaining issuances scheduled for the third and fourth quarters of 2025. Furthermore, the company has secured a $30 million reduction in quarterly amortization payments for its Alpine Term Loan in 2025 and deferred the Total Net Leverage Ratio test until the first quarter of 2027. These measures are expected to generate approximately $90 million in incremental liquidity in 2025, reflecting ProFrac's proactive approach to managing its balance sheet amid challenging market conditions. Legal counsel for these transactions was provided by Gibson, Dunn & Crutcher LLP and Brown Rudnick LLP.
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