ProPetro announces $500M convertible notes offering to fund power equipment expansion

Filed May 4, 2026 · Period ending May 4, 2026 · ~1 min read

Key Changes

• high

  Company launching private placement of $500 million convertible senior notes due 2031 to qualified institutional buyers, with $75 million greenshoe option. Notes will convert to equity, diluting existing shareholders.

  Item 8.01 verify on EDGAR →
• high

  Amended credit facility extends maturity to May 2031 and increases borrowing capacity to $350 million (up from prior level), with potential $150 million accordion feature for additional flexibility.

  Item 8.01 verify on EDGAR →
• medium

  Credit facility now allows power generation equipment as collateral (up to 35% of borrowing base), supporting company's growth capital plans for additional power equipment using note proceeds.

  Item 8.01 verify on EDGAR →