ACDC · ProFrac Holding Corp.

On July 1, 2026, ProFrac Holding Corp. through its subsidiary ProFrac Holdings II, LLC entered into a new $300 million asset-based revolving credit facility with Eclipse Business Capital LLC, replacing the existing $275 million facility with JPMorgan Chase. The new facility matures in July 2030 and includes an uncommitted accordion feature that can increase total commitments by up to $25 million, bringing maximum capacity to $325 million. Interest rates are tied to Adjusted Term SOFR plus a margin ranging from 4.00% to 4.50% (or Base Rate plus 3.00% to 3.50%), determined by availability and a fixed charge coverage ratio pricing grid. The facility is secured by first-priority liens on current assets and second-priority liens on fixed assets, consistent with the existing intercreditor arrangements. Concurrently, the company executed a Seventh Supplemental Indenture to its 2029 Senior Secured Floating Rate Notes, increasing the permitted credit facility debt basket from $275 million to $325 million. The refinancing extends the company's maturity profile, improves borrowing base terms, and bolsters liquidity to support strategic initiatives. The company used proceeds to repay the prior facility and associated fees, with remaining availability for working capital and general corporate purposes.