ProFrac Holding Corp. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

Debt (Tables)

Debt (Tables)

12 Months Ended

Dec. 31, 2024


	December 31,
	2024			2023
ProFrac Holding Corp.:
2029 Senior Notes	$	584.2		$	520.0
2022 ABL Credit Facility		139.8			117.4
Equify Notes (1)		13.3			18.6
Finance lease obligations		6.3			8.6
Other		8.0			10.2
ProFrac Holding Corp. principal amount		751.6			674.8
Less: unamortized debt discounts, premiums, and issuance costs		(15.0	)		(17.4	)
Less: current portion of long-term debt		(87.5	)		(46.2	)
ProFrac Holding Corp. long-term debt, net		649.1			611.2

Alpine Subsidiary:
Alpine 2023 Term Loan		350.0			365.0
Monarch Note		—			54.7
Other		0.8			—
Finance lease obligations		7.2			2.1
Alpine principal amount		358.0			421.8
Less: unamortized debt discounts, premiums, and issuance costs		(14.5	)		(22.0	)
Less: current portion of long-term debt		(65.5	)		(71.6	)
Alpine long-term debt, net		278.0			328.2

Flotek Subsidiary:
Flotek ABL credit facility		4.7			7.5
Flotek other		0.1			0.2
Flotek principal amount		4.8			7.7
Less: current portion of long-term debt		(4.8	)		(7.6	)
Flotek long-term debt, net		—			0.1

Other Subsidiaries:
Revolving credit facility		5.4			—
Finance lease obligations		6.4			—
Other		12.7			3.6
Other subsidiaries principal amount		24.5			3.6
Less: unamortized debt discounts, premiums, and issuance costs		(0.4	)		—
Less: current portion of long-term debt		(6.8	)		(1.0	)
Other subsidiaries long-term debt, net		17.3			2.6

Consolidated:
Total principal amount		1,138.9			1,107.9
Less: unamortized debt discounts, premiums, and issuance costs		(29.9	)		(39.4	)
Less: current portion of long-term debt		(164.6	)		(126.4	)
Total long-term debt, net	$	944.4		$	942.1

(1) Related party debt agreements

Summary of Principal Maturity Schedule

As of December 31, 2024, the principal maturity schedule for our debt outstanding is as follows:


	2025		2026		2027		2028		2029		Thereafter		Total
ProFrac Holding Corp.:
2029 Senior Notes		72.3		72.3		72.3		72.3		295.0		—		584.2
2022 ABL Credit Facility		—		—		139.8		—		—		—		139.8
Equify Notes (1)		5.0		5.0		3.3		—		—		—		13.3
Finance lease obligations		2.2		2.0		1.8		0.3		—		—		6.3
Other		8.0		-		—		—		—		—		8.0
ProFrac Holding Corp. principal amount		87.5		79.3		217.2		72.6		295.0		—		751.6

Alpine Subsidiary:
Alpine 2023 Term Loan		60.0		60.0		60.0		60.0		110.0		—		350.0
Other		0.3		0.3		0.2		—		—		—		0.8
Finance lease obligations		5.2		1.9		0.1		—		—		—		7.2
Alpine principal amount		65.5		62.2		60.3		60.0		110.0		—		358.0

Flotek Subsidiary:
Flotek ABL credit facility		4.7		—		—		—		—		—		4.7
Flotek other		0.1		—		—		—		—		—		0.1
Flotek principal amount		4.8		—		—		—		—		—		4.8

Other Subsidiaries:
Revolving credit facility		5.4		—		—		—		—		—		5.4
Finance lease obligations		0.3		0.3		0.3		0.3		0.3		4.9		6.4
Other		1.1		1.8		0.9		0.6		0.7		7.6		12.7
Other subsidiaries principal amount		6.8		2.1		1.2		0.9		1.0		12.5		24.5

Total principal amount	$	164.6	$	143.6	$	278.7	$	133.5	$	406.0	$	12.5	$	1,138.9

(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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+ Details