ProPetro announced two financing actions to support equipment investments. The company amended its Credit Agreement to raise the debt basket for capital leases and similar financing to $425 million. Separately, ProPetro signed an Interim Funding Agreement and Master Lease with Stonebriar Commercial Finance to fund up to $350 million of power generator equipment, with interim rent based on 1-Month SOFR plus 6.25% and 84-month leases upon equipment delivery. Stonebriar will hold title during the lease term, and ProPetro has options to purchase the equipment.
Agreement 1: ProPetro Signs Credit Agreement Amendment With Existing Lenders
- Agreement type: Amendment No. 3 to Amended and Restated Credit Agreement
- Counterparty: Existing Lenders
- Signed / Effective: Dec 26 2025 / Dec 26 2025
- Reason: Increase debt basket for equipment financing
Agreement 2: ProPetro Signs Master Lease and Funding Agreement With Stonebriar Commercial Finance
- Agreement type: Interim Funding Agreement and Master Lease for equipment financing
- Counterparty: Stonebriar Commercial Finance
- Signed / Effective: Dec 29 2025 / Dec 29 2025
- Duration / Termination: 84 months per equipment lease
- Reason: Finance up to $350 million of power generators
Original SEC Filing: ProPetro Holding Corp. [ PUMP ] – 8-K – Dec. 30, 2025
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