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)

3 Months Ended

Mar. 31, 2022

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

	March 31,			December 31,
(In thousands)	2022			2021
Old ABL Credit Facility	$	—		$	69,000
Old Term Loan		—			171,355
First Financial Loan		26,377			30,000
New ABL Credit Facility		70,706			—
New Term Loan Credit Facility		450,000			—
Backstop Note(1)		22,000			—
Closing Date Note(1)		22,000			—
Equify Bridge Note(1)		45,800			—
Best Flow Credit Facility(1)		—			7,101
Best Flow Note(1)		—			10,827
Alpine Promissory Note(1)		—			16,717
Other		11,129			1,695
Total gross debt		648,012			306,695
Less: unamortized debt issuance costs		(22,388	)		(5,129	)
Less: current portion of long-term debt		(47,620	)		(31,793	)
Total long-term debt	$	578,004		$	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 March 31, 2022:

	2022		2023		2024		2025		2026		Thereafter		Total
First Financial loan	$	11,086	$	15,291	$	—	$	—	$	—	$	—	$	26,377
New ABL Credit Facility		—		—		—		—		—		70,706		70,706
New Term Loan Credit Facility		16,875		22,500		22,500		388,125		—		—		450,000
Backstop Note(1)		—		—		—		—		—		22,000		22,000
Closing Date Note(1)		—		—		—		—		—		22,000		22,000
Equify Bridge Note(1)		—		—		—		—		—		45,800		45,800
Other		10,223		167		166		108		79		386		11,129
Total	$	38,184	$	37,958	$	22,666	$	388,233	$	79	$	160,892	$	648,012

(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.

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+ Details