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

Quarterly report pursuant to Section 13 or 15(d)

Indebtedness (Tables)

Indebtedness (Tables)

6 Months Ended

Jun. 30, 2022

The following table summarizes the components of our debt as of June 30, 2022 and December 31, 2021:

	June 30,			December 31,
(In thousands)	2022			2021
Old ABL Credit Facility	$	—		$	69,000
Old Term Loan		—			171,355
First Financial Loan		23,950			30,000
New ABL Credit Facility		143,350			—
New Term Loan Credit Facility		302,380			—
Best Flow Credit Facility(1)		—			7,101
Best Flow Note(1)		—			10,827
Alpine Promissory Note(1)		—			16,717
Flotek Convertible Notes		12,739			—
Other		12,626			1,695
Total gross debt		495,045			306,695
Less: unamortized debt issuance costs		(15,755	)		(5,129	)
Less: current portion of long-term debt		(51,329	)		(31,793	)
Total long-term debt	$	427,961		$	269,773

(1)

Related party debt agreements

Summary of Principal Maturity Schedule

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

	2022		2023		2024		2025		2026		Thereafter		Total
First Financial loan	$	8,659	$	15,291	$	—	$	—	$	—	$	—	$	23,950
New ABL Credit Facility		—		—		—		—		—		143,350		143,350
New Term Loan Credit Facility		7,560		15,120		15,120		264,580		—		—		302,380
Flotek Convertible Notes		—		12,739		—		—		—		—		12,739
Other.		7,803		1,908		1,907		543		79		386		12,626
Total	$	24,022	$	45,058	$	17,027	$	265,123	$	79	$	143,736	$	495,045

- 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.

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+ Details