ProFrac Holding Corp. has entered into a new credit agreement for a $300 million asset-based revolving credit facility with Eclipse Business Capital LLC. This new facility replaces the company's previous $275 million facility with JPMorgan Chase Bank, N.A. The Eclipse ABL Credit Facility matures in July 2030, extending the previous maturity from September 2027. The facility size has been increased from $275 million to $300 million, with an uncommitted accordion feature allowing for potential increases up to $325 million. The refinancing provides ProFrac with increased liquidity and an extended maturity profile to support its strategic initiatives. Borrowings under the new facility are secured by substantially all assets of the borrower and guarantors, with first-priority liens on current assets and second-priority liens on fixed assets. Interest rates will be based on Adjusted Term SOFR plus an applicable margin ranging from 4.00% to 4.50%, or Base Rate plus an applicable margin ranging from 3.00% to 3.50%, depending on availability and a fixed charge coverage ratio. The transaction was advised by Moelis & Company LLC as exclusive placement agent and Gibson, Dunn & Crutcher LLP as legal counsel to ProFrac.