Cactus, Inc. 8-K

What Happened

• On May 29, 2026, Cactus Companies, LLC (a subsidiary of Cactus, Inc.) entered into an amendment to its Amended and Restated Credit Agreement (originally dated Feb 28, 2023) with JPMorgan Chase Bank, N.A. as administrative agent and the lenders party thereto. The amendment extends the lenders’ commitments to fund the previously disclosed delayed-draw Term Loan Facility from June 1, 2026 to December 31, 2026. The Term Loan Facility was undrawn as of the amendment date. Any amounts drawn under the Term Loan Facility will mature on the three-year anniversary of the first funding.

Key Details

• Amendment date: May 29, 2026; original credit agreement date: Feb 28, 2023.
• Lenders’ commitment maturity for the delayed-draw Term Loan extended from June 1, 2026 → December 31, 2026.
• Term Loan Facility was undrawn at the time of the amendment.
• Loans drawn under the Term Loan Facility will have a three-year maturity from first funding.

Why It Matters

• The amendment preserves Cactus’s optional access to additional term-loan financing through the end of 2026, which gives management more time to decide whether to draw that facility without immediate lender commitment expiry risk.
• Because the term loan remains undrawn, this amendment does not add current debt to the balance sheet, but it does leave open a potential future obligation that would mature three years after any draw.
• The company also posted investor presentation materials (Exhibit 99.1) on its investor website (www.CactusWHD.com), providing additional context for investors about strategy and financial outlook.