Quarterly report [Sections 13 or 15(d)]

Debt (Tables)

v3.25.2
Debt (Tables)
6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Components of Debt

Debt is comprised of the following:

 

 

June 30,
2025

 

 

December 31,
2024

 

ProFrac Holding Corp.:

 

 

 

 

 

 

2029 Senior Notes

 

$

568.5

 

 

$

584.2

 

2022 ABL Credit Facility

 

 

163.7

 

 

 

139.8

 

Equify Notes (1)

 

 

11.2

 

 

 

13.3

 

Finance lease obligations

 

 

5.2

 

 

 

6.3

 

Other

 

 

1.2

 

 

 

8.0

 

ProFrac Holding Corp. principal amount

 

 

749.8

 

 

 

751.6

 

Less: unamortized debt discounts, premiums, and issuance costs

 

 

(13.5

)

 

 

(15.0

)

Less: current portion of long-term debt

 

 

(82.2

)

 

 

(87.5

)

ProFrac Holding Corp. long-term debt, net

 

 

654.1

 

 

 

649.1

 

 

 

 

 

 

 

 

Alpine Subsidiary:

 

 

 

 

 

 

Alpine 2023 Term Loan

 

 

330.0

 

 

 

350.0

 

Other

 

 

1.0

 

 

 

0.8

 

Finance lease obligations

 

 

4.2

 

 

 

7.2

 

Alpine principal amount

 

 

335.2

 

 

 

358.0

 

Less: unamortized debt discounts, premiums, and issuance costs

 

 

(11.9

)

 

 

(14.5

)

Less: current portion of long-term debt

 

 

(44.4

)

 

 

(65.5

)

Alpine long-term debt, net

 

 

278.9

 

 

 

278.0

 

 

 

 

 

 

 

 

Flotek Subsidiary:

 

 

 

 

 

 

Flotek ABL credit facility

 

 

5.1

 

 

 

4.7

 

Finance lease obligations

 

 

0.4

 

 

 

 

Flotek other

 

 

 

 

 

0.1

 

Flotek principal amount

 

 

5.5

 

 

 

4.8

 

Less: current portion of long-term debt

 

 

(5.2

)

 

 

(4.8

)

Flotek long-term debt, net

 

 

0.3

 

 

 

 

 

 

 

 

 

 

 

Other Subsidiaries:

 

 

 

 

 

 

Revolving credit facility

 

 

3.6

 

 

 

5.4

 

Finance lease obligations

 

 

6.2

 

 

 

6.4

 

Other

 

 

9.7

 

 

 

12.7

 

Other subsidiaries principal amount

 

 

19.5

 

 

 

24.5

 

Less: unamortized debt discounts, premiums, and issuance costs

 

 

(0.4

)

 

 

(0.4

)

Less: current portion of long-term debt

 

 

(4.2

)

 

 

(6.8

)

Other subsidiaries long-term debt, net

 

 

14.9

 

 

 

17.3

 

 

 

 

 

 

 

 

Consolidated:

 

 

 

 

 

 

Total principal amount

 

 

1,110.0

 

 

 

1,138.9

 

Less: unamortized debt discounts, premiums, and issuance costs

 

 

(25.8

)

 

 

(29.9

)

Less: current portion of long-term debt

 

 

(136.0

)

 

 

(164.6

)

Total long-term debt, net

 

$

948.2

 

 

$

944.4

 

(1)
Related party debt agreements.