ProFrac Holding Corp. 8-K

What Happened ProFrac Holding Corp. (through indirect subsidiary ProFrac Holdings II, LLC) announced on January 7, 2026 that it issued $25.0 million aggregate principal amount of Senior Secured Floating Rate Notes due 2029 in a private placement to Beal Bank USA. The New Notes were issued as additional notes under the indenture dated December 27, 2023 and documented by a Sixth Supplemental Indenture dated January 7, 2026. Net proceeds will be used to fund capital expenditures, with any remaining amounts for general corporate purposes.

Key Details

• Issuer: ProFrac Holdings II, LLC (indirect wholly owned subsidiary); purchaser: Beal Bank USA.
• Amount and type: $25,000,000 principal of Senior Secured Floating Rate Notes due 2029.
• Documentation: Issued under the Original Indenture (Dec 27, 2023) and the Sixth Supplemental Indenture (Jan 7, 2026); New Notes treated as the same series as the Existing Notes and secured by the same collateral.
• Offering: Private placement relying on Section 4(a)(2) of the Securities Act; proceeds designated for capital expenditures and general corporate purposes. The filing also notes this creates a direct financial obligation for the company.

Why It Matters This transaction increases ProFrac’s outstanding secured debt by $25 million and adds floating-rate interest exposure through 2029. Because the New Notes are part of the same secured series as existing notes and share the same collateral, the company’s secured creditor position and collateral pool are unchanged in structure but expanded in principal. Retail investors should note the larger debt balance and variable-rate nature of the notes when evaluating leverage, interest expense sensitivity to rates, and upcoming cash flow needs for debt service and capital spending.