ProPetro Holding Corp. - 8-K Filing
ProPetro Holding Corp. issued $690 million in aggregate principal amount of 0.00% Convertible Senior Notes due 2031 on May 7, 2026, with an initial conversion price of $23.17 per share, a 37.5% premium over the May 4, 2026 stock price of $16.85. The company also entered into Capped Call Transactions costing $36.8 million to limit potential dilution from conversions. Additionally, it amended its ABL Credit Facility, extending the maturity to May 4, 2031 and increasing the aggregate revolving credit commitments to $350 million. (Items: 1.01 Entry Into or Amendment of a Material Definitive Agreement Indenture On May 7, 2026, ProPetro Holding Corp, 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, 3.02 Unregistered Sales of Equity Securities, 8.01 Other Events On May 4, 2026, the Company issued a press release announcing the pricing of the Notes)
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