ProPetro Holding Corp. 8-K

What Happened
ProPetro Holding Corp. announced a First Amendment (entered Feb 6, 2026) to its Master Loan and Security Agreement that increases available financing by $53,550,000 to fund the purchase of turbine generator sets and related auxiliary equipment. The borrower is ProPetro Energy Solutions, LLC, the lender is Caterpillar Financial Services Corporation, and the Company and ProPetro Services, Inc. act as guarantors.

Key Details

• Amendment increases equipment loan availability by $53,550,000 to purchase specified turbine generator sets and auxiliary equipment.
• Each Equipment Loan has two phases: (A) a progress payment phase with interim floating-rate promissory notes (“Interim Notes”), and (B) conversion to fixed-rate term loans (“Term Notes”) after milestones are met.
• Each Note is secured by a first-priority lien on the financed equipment and related proceeds, and all Notes are fully and unconditionally guaranteed by the Company and ProPetro Services, Inc.
• The Amendment includes customary affirmative and negative covenants, including limits on further encumbrances; the amendment is filed as Exhibit 10.1 (portions redacted) and the company will provide an unredacted copy to the SEC upon request.

Why It Matters
This amendment provides ProPetro with targeted, secured financing to buy power-generation equipment without issuing equity. For investors, the new facility increases the company’s funded equipment capacity by $53.55M and creates additional secured indebtedness (first-lien on the new equipment). Monitor future draws, conversion of interim to term loans, and compliance with the stated covenants—these will affect the company’s leverage, asset base, and cash flow needs.