Beal Bank Provides $637.5 million of $885.0 million in New Debt to ProFrac Holding Corp (NASDAQ: ACDC) and its Subsidiaries

January 22, 2024

https://www.prnewswire.com/news-releases/beal-bank-provides-637-5-million-of-885-0-million-in-new-debt-to-profrac-holding-corp-nasdaq-acdc-and-its-subsidiaries-302040787.html

DALLAS, Jan. 22, 2024 /PRNewswire/ — Beal Bank is pleased to announce that it has provided of $637,500,000 out of a total of $885,000,000 to refinance an existing term loan of ProFrac Holding Corp. (NASDAQ: ACDC) as majority holder of newly issued $520,000,000 senior secured floating rate notes and sole lender of a $365,000,000 term loan to ProFrac’s wholly owned subsidiary Alpine Silica.

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