ProFrac Holding Corp. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Subsequent events (Tables)

Subsequent events (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2022

Dec. 31, 2021

Subsequent Event [Line Items]

Summary of Principal Maturity Schedule

The following table summarizes the principal maturity schedule for our long-term debt outstanding as of March 30, 2022:



	2022		2023		2024		2025		2026		Thereafter
New ABL Credit Facility	$	—	$	—	$	—	$	—	$	—	$	70,706
New Term Loan Credit Facility		16,875		22,500		22,500		388,125		—		—
First Financial loan		11,627		15,890		—		—		—		—
Equify Bridge Loan		—		—		—		—		—		45,800
Backstop Note		—		—		—		—		—		22,000
Closing Date Note		—		—		—		—		—		22,000
Other indebtedness		136		173		152		101		75		386
Total	$	28,638	$	38,563	$	22,652	$	388,226	$	75	$	160,892

F T S International Inc [Member]

Subsequent Event [Line Items]

Summary of Preliminary Allocation of Purchase Price

The following table summarizes the preliminary allocation of the purchase price:



(In thousands)
Assets acquired:
Cash and cash equivalents	$	53,771
Accounts receivable		89,268
Prepaid expense and other assets		4,037
Inventories		42,344
Property, plant and equipment		307,113
Operating lease ROU asset		2,748
Intangible assets		1,239
Other assets		1,583

Total assets acquired		502,103


Liabilities assumed:
Accounts payable		62,985
Accrued expenses		19,308
Operating lease liability current		1,235
Current portion of debt		10,136
Other current liabilities		309
Operating lease liability non-current		1,512
Other non-current liabilities		928

Total liabilities assumed		96,413

Net assets acquired	$	405,690

The Company has performed a preliminary valuation analysis of the fair market value of FTSI’s assets and liabilities. The following table summarizes the allocation of the preliminary purchase price as of December 31, 2021 (in thousands):



Assets acquired:
Cash and cash equivalents	$	85,149
Accounts receivable		67,303
Prepaid expense and other assets		4,238
Inventories		38,540
Property, plant and equipment		284,108
Goodwill and intangible assets		36,500
Other assets		1,473

Total assets acquired		517,311


Liabilities assumed:
Accounts payable		70,591
Accrued expenses		37,932
Other current liabilities		309
Other non-current liabilities		979

Total liabilities assumed		109,811

Net assets acquired	$	407,500

The final purchase price allocation will be determined when the Company has completed the detailed valuations and necessary calculations. The final allocation could differ materially from the preliminary allocation used in the pro forma adjustments. The final allocation may include (i) changes in the fair value of property, plant and equipment, (ii) changes to intangible assets and goodwill and (iii) other changes to assets and liabilities.