ProFrac Holding Corp. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

Debt (Tables)

12 Months Ended

Dec. 31, 2022

The following table summarizes our debt:


	December 31,
	2022			2021
2022 Term Loan Credit Facility	$	519.2		$	-
2018 Term Loan		-			171.4
2022 ABL Credit Facility		234.3			-
2018 ABL Credit Facility		-			69.0
First Financial Loan		16.6			30.0
REV Note (1)		39.0			-
Monarch Note		87.5			-
Finance Lease Liabilities		9.3			-
Equify Note(1)		23.8			-
Flotek Convertible Notes		12.7			-
Equipment Financings		5.1			-
Best Flow Credit Facility (1)		-			7.1
Best Flow Note (1)		-			10.8
Alpine Promissory Note (1)		-			16.7
Other		11.9			1.7
Total gross debt		959.4			306.7
Less: unamortized debt discounts, premiums, and issuance costs		(34.0	)		(5.1	)
Less: current portion of long-term debt		(127.6	)		(31.8	)
Total long-term debt	$	797.8		$	269.8

(1)

Related party debt agreements.

Summary of Principal Maturity Schedule

principal maturity schedule for our debt outstanding is as follows:


	2023		2024		2025		2026		2027		Thereafter		Total
2022 ABL Credit Facility	$	-	$	-	$	-	$	-	$	234.3	$	-	$	234.3
2022 Term Loan Credit Facility		26.0		26.0		467.2		-		-		-		519.2
First Financial loan		16.6		-		-		-		-		-		16.6
REV Note (1)		24.2		8.5		6.3		-		-		-		39.0
Monarch Note		32.8		54.7		-		-		-		-		87.5
Finance Lease Liabilities		2.5		2.5		2.1		1.3		0.9		-		9.3
Flotek Convertible Notes		12.7		-		-		-		-		-		12.7
Equify Note (1)		5.0		5.0		5.0		5.0		3.8		-		23.8
Equipment Financings		3.6		1.5		-		-		-		-		5.1
Other		4.2		5.7		1.4		0.1		0.1		0.4		11.9
Total	$	127.6	$	103.9	$	482.0	$	6.4	$	239.1	$	0.4	$	959.4

(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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28541-108399

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21506-112644

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 55
-Paragraph 69B
-URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 55
-Paragraph 69E
-URI https://asc.fasb.org/extlink&oid=123466577&loc=SL123495743-112612

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21521-112644

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21538-112644

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI https://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21475-112644

+ Details