ProFrac Holding Corp. Completes Refinancing of Asset-Based Lending Facility

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2▲2 ▼0Impact / 5
Summary · why it matters

ProFrac Holding Corp. has refinanced its asset-based revolving credit facility, replacing a $275 million facility with a new $300 million facility arranged by Eclipse Business Capital LLC. The new Eclipse ABL Credit Facility, entered into on July 1, 2026, matures in July 2030, extending the maturity from the previous September 2027 date and providing improved borrowing base terms for increased liquidity. The facility includes an uncommitted accordion feature allowing for up to an additional $25 million in commitments, potentially raising the maximum size to $325 million. Borrowings initially bear interest at Adjusted Term SOFR plus 4.25% until January 1, 2027, after which the rate will be based on a pricing grid tied to availability and a fixed charge coverage ratio. Moelis & Company LLC acted as exclusive placement agent and Gibson, Dunn & Crutcher LLP served as legal counsel to ProFrac in the transaction.

Impact on assets 3

Energy▲ · 1 stocks
ProFrac Holding Corp.
ACDC
▲ PositiveCapitalrelevance

Refinanced ABL facility with larger size, extended maturity, and improved terms, enhancing liquidity and financial flexibility.

Financials▲ · 1 stocks
Moelis & Co
MC
▲ PositiveCapitalrelevance

Acted as exclusive placement agent, earning fees from the transaction.

Digital Finance & Tokenization▲ · 1 stocks

Off-coverage companies 2

Eclipse Business Capital LLCPrivate▲ Positive
Capitalrelevance

Arranged the new ABL facility, generating fee income.

Gibson, Dunn & Crutcher LLPPrivate± Mixed
relevance

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