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ProFrac redeems $20 million of secured floaters due 2029
Chicago, April 1 – ProFrac Holdings II, LLC announced a $20 million redemption of its senior secured floating-rate notes due 2029 in an 8-K filing with the Securities and Exchange Commission.
The notes were redeemed at par on March 29.
In a previous story, Prospect News reported the company had the option to redeem $20 million of notes on March 29, June 28, Sept. 30 and Dec. 31, 2024.
The company issued $520 million of the notes in a section 4(a)(2) private placement in December.
ProFrac is a Willow Park, Tex.-based oil and gas services company.
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