ProFrac Holding Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

Debt (Tables)

9 Months Ended

Sep. 30, 2024

Debt is comprised of the following:


	September 30, 2024			December 31, 2023
ProFrac Holding Corp.:
2029 Senior Notes	$	596.2		$	520.0
2022 ABL Credit Facility		163.0			117.4
Equify Notes (1)		14.6			18.6
Finance lease obligations		6.9			8.6
Other		12.4			10.2
ProFrac Holding Corp. principal amount		793.1			674.8
Less: unamortized debt discounts, premiums, and issuance costs		(16.1	)		(17.4	)
Less: current portion of long-term debt		(85.8	)		(46.2	)
ProFrac Holding Corp. long-term debt, net		691.2			611.2

Alpine Subsidiary:
Alpine 2023 Term Loan		355.0			365.0
Monarch Note		21.9			54.7
Other		0.8			—
Finance lease obligations		8.7			2.1
Alpine principal amount		386.4			421.8
Less: unamortized debt discounts, premiums, and issuance costs		(16.0	)		(22.0	)
Less: current portion of long-term debt		(77.9	)		(71.6	)
Alpine long-term debt, net		292.5			328.2

Flotek Subsidiary:
Flotek ABL credit facility		1.4			7.5
Flotek other		0.1			0.2
Flotek principal amount		1.5			7.7
Less: current portion of long-term debt		(1.5	)		(7.6	)
Flotek long-term debt, net		—			0.1

Other Subsidiaries:
Revolving credit facility		5.3			—
Finance lease obligations		6.4			—
Other		13.0			3.6
Other subsidiaries principal amount		24.7			3.6
Less: unamortized debt discounts, premiums, and issuance costs		(0.4	)		—
Less: current portion of long-term debt		(6.7	)		(1.0	)
Other subsidiaries long-term debt, net		17.6			2.6

Consolidated:
Total principal amount		1,205.7			1,107.9
Less: unamortized debt discounts, premiums, and issuance costs		(32.5	)		(39.4	)
Less: current portion of long-term debt		(171.9	)		(126.4	)
Total long-term debt, net	$	1,001.3		$	942.1

(1)

Related party debt agreements.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
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+ Details