ProFrac Holdings II, LL Issued $120M Aggregate Principal Amount Of Senior Secured Floating Rate Notes Due 2029 To Beal Bank In Connection With Acquisition Of Four Fleets From A Private Seller For Cash
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ProFrac Holdings II, LLC has issued $120 million in senior secured floating rate notes due 2029 to Beal Bank. This issuance is in connection with the acquisition of four fleets from a private seller for cash.
June 14, 2024 | 8:33 pm
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ProFrac Holdings II, LLC has issued $120 million in senior secured floating rate notes due 2029 to Beal Bank to fund the acquisition of four fleets from a private seller.
The issuance of $120 million in notes to fund the acquisition of four fleets is a significant financial move for ProFrac Holdings II, LLC. This could indicate growth and expansion, potentially leading to a positive short-term impact on the stock price.
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