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)

9 Months Ended

Sep. 30, 2022

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

	September 30,			December 31,
(In thousands)	2022			2021
Old ABL Credit Facility	$	—		$	69,000
Old Term Loan		—			171,355
First Financial Loan		19,080			30,000
New ABL Credit Facility		—			—
New Term Loan Credit Facility		525,726			—
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		10,459			1,695
Total gross debt		568,004			306,695
Less: unamortized debt issuance costs		(23,235	)		(5,129	)
Less: current portion of long-term debt		(60,541	)		(31,793	)
Total long-term debt	$	484,228		$	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 September 30, 2022:

	2022		2023		2024		2025		2026		Thereafter		Total
First Financial loan	$	3,789	$	15,291	$	—	$	—	$	—	$	—	$	19,080
New ABL Credit Facility		—		—		—		—		—		—		—
New Term Loan Credit Facility		6,571		26,286		26,286		466,583		—		—		525,726
Flotek Convertible Notes		—		12,739		—		—		—		—		12,739
Other.		4,506		3,038		1,907		543		79		386		10,459
Total	$	14,866	$	57,354	$	28,193	$	467,126	$	79	$	386	$	568,004

- 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