Quarterly report [Sections 13 or 15(d)]

Debt (Tables)

v3.26.3
Debt (Tables)
 9 Months Ended
Sep. 30, 2026
Debt Disclosure [Abstract]  
Components of Debt

Debt is comprised of the following:

 

 

September 30,
2026

 

 

December 31,
2025

 

ProFrac Holding Corp.:

 

 

 

 

 

 

2029 Senior Notes

 

$

534.4

 

 

$

570.4

 

2022 ABL Credit Facility

 

 

—

 

 

 

69.2

 

2026 ABL Credit Facility

 

 

148.4

 

 

 

—

 

Equify Notes (1)

 

 

5.4

 

 

 

8.3

 

Finance lease obligations

 

 

3.5

 

 

 

4.1

 

Other

 

 

9.5

 

 

 

8.7

 

ProFrac Holding Corp. principal amount

 

 

701.2

 

 

 

660.7

 

Less: unamortized debt discounts, premiums, and issuance costs

 

 

(9.0

)

 

 

(11.8

)

Less: current portion of long-term debt

 

 

(99.1

)

 

 

(94.1

)

ProFrac Holding Corp. long-term debt, net

 

 

593.1

 

 

 

554.8

 

 

 

 

 

 

 

 

Alpine Subsidiary:

 

 

 

 

 

 

Alpine 2023 Term Loan

 

 

246.5

 

 

 

320.0

 

Other

 

 

0.6

 

 

 

1.0

 

Finance lease obligations

 

 

1.4

 

 

 

4.1

 

Alpine principal amount

 

 

248.5

 

 

 

325.1

 

Less: unamortized debt discounts, premiums, and issuance costs

 

 

(7.1

)

 

 

(10.2

)

Less: current portion of long-term debt

 

 

(1.9

)

 

 

(48.5

)

Alpine long-term debt, net

 

 

239.5

 

 

 

266.4

 

 

 

 

 

 

 

 

Flotek Subsidiary:

 

 

 

 

 

 

Flotek ABL credit facility

 

 

7.9

 

 

 

3.3

 

Finance lease obligations

 

 

0.3

 

 

 

0.4

 

Flotek Term Loan (2)

 

 

75.0

 

 

 

—

 

Flotek PWRtek Note (1)

 

 

—

 

 

 

40.0

 

Flotek principal amount

 

 

83.2

 

 

 

43.7

 

Less: unamortized debt discounts, premiums, and issuance costs

 

 

(5.0

)

 

 

(0.4

)

Less: current portion of long-term debt

 

 

(8.1

)

 

 

(3.5

)

Flotek long-term debt, net

 

 

70.1

 

 

 

39.8

 

 

 

 

 

 

 

 

Other Subsidiaries:

 

 

 

 

 

 

Revolving credit facility

 

 

3.2

 

 

 

2.9

 

Finance lease obligations

 

 

6.0

 

 

 

6.2

 

Other

 

 

9.0

 

 

 

9.5

 

Other subsidiaries principal amount

 

 

18.2

 

 

 

18.6

 

Less: unamortized debt discounts, premiums, and issuance costs

 

 

(0.4

)

 

 

(0.4

)

Less: current portion of long-term debt

 

 

(3.8

)

 

 

(3.6

)

Other subsidiaries long-term debt, net

 

 

14.0

 

 

 

14.6

 

 

 

 

 

 

 

 

Consolidated:

 

 

 

 

 

 

Total principal amount

 

 

1,051.1

 

 

 

1,048.1

 

Less: unamortized debt discounts, premiums, and issuance costs

 

 

(21.5

)

 

 

(22.8

)

Less: current portion of long-term debt

 

 

(112.9

)

 

 

(149.7

)

Total long-term debt, net

 

$

916.7

 

 

$

875.6

 
(1)
Related party debt agreements.
Related parties hold $12.5 million of this term loan
Summary of Principal Maturity Schedule

As of September 30, 2026, the principal maturity schedule for our debt outstanding is as follows:

 

2026

 

 

2027

 

 

2028

 

 

2029

 

 

2030

 

 

Thereafter

 

 

Total

 

ProFrac Holding Corp.:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2029 Senior Notes

 

 

20.3

 

 

 

81.4

 

 

 

81.4

 

 

 

351.3

 

 

 

—

 

 

 

—

 

 

 

534.4

 

2026 ABL Credit Facility

 

 

—

 

 

 

—

 

 

 

148.4

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

148.4

 

Equify Notes (1)

 

 

2.1

 

 

 

3.3

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

5.4

 

Finance lease obligations

 

 

0.8

 

 

 

2.4

 

 

 

0.3

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

3.5

 

Other

 

 

3.2

 

 

 

6.3

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

9.5

 

ProFrac Holding Corp. principal amount

 

 

26.4

 

 

 

93.4

 

 

 

230.1

 

 

 

351.3

 

 

 

—

 

 

 

—

 

 

 

701.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Alpine Subsidiary:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Alpine 2023 Term Loan

 

 

—

 

 

 

—

 

 

 

30.0

 

 

 

60.0

 

 

 

156.5

 

 

 

—

 

 

 

246.5

 

Other

 

 

0.1

 

 

 

0.4

 

 

 

0.1

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

0.6

 

Finance lease obligations

 

 

0.4

 

 

 

1.0

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1.4

 

Alpine principal amount

 

 

0.5

 

 

 

1.4

 

 

 

30.1

 

 

 

60.0

 

 

 

156.5

 

 

 

—

 

 

 

248.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Flotek Subsidiary:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Flotek ABL credit facility

 

 

—

 

 

 

7.9

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

7.9

 

Finance lease obligations

 

 

0.1

 

 

 

0.2

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

0.3

 

Flotek Term Loan (2)

 

 

—

 

 

 

—

 

 

 

0.4

 

 

 

0.7

 

 

 

0.8

 

 

 

73.1

 

 

 

75.0

 

Flotek principal amount

 

 

0.1

 

 

 

8.1

 

 

 

0.4

 

 

 

0.7

 

 

 

0.8

 

 

 

73.1

 

 

 

83.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Subsidiaries:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revolving credit facility

 

 

3.2

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

3.2

 

Finance lease obligations

 

 

0.1

 

 

 

0.3

 

 

 

0.3

 

 

 

0.3

 

 

 

0.4

 

 

 

4.6

 

 

 

6.0

 

Other

 

 

-

 

 

 

0.4

 

 

 

0.5

 

 

 

0.5

 

 

 

0.5

 

 

 

7.1

 

 

 

9.0

 

Other subsidiaries principal amount

 

 

3.3

 

 

 

0.7

 

 

 

0.8

 

 

 

0.8

 

 

 

0.9

 

 

 

11.7

 

 

 

18.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total principal amount

 

$

30.3

 

 

$

103.6

 

 

$

261.4

 

 

$

412.8

 

 

$

158.2

 

 

$

84.8

 

 

$

1,051.1

 

 

(1)
Related party debt agreements
(2)
Related parties hold $12.5 million of this term loan.