{"url_path":"/sec/acdc/8-k/2026-07-06/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 **","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-06","source_url":"https://www.sec.gov/Archives/edgar/data/1881487/0001104659-26-080566-index.html","accession_number":"0001104659-26-080566","cik":"0001881487","ticker":"ACDC","issuer_name":"ProFrac Holding Corp.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1881487/0001104659-26-080566-index.html","primary_entity_key":"0001881487","primary_entity_name":"ProFrac Holding Corp."},"word_count":586,"has_tables":true,"body_markdown":"**Item 1.01**\n**Entry into Material Definitive Agreements.**\n\n \n\nOn July 1, 2026, ProFrac Holdings II, LLC, a Texas\nlimited liability company (the “**Borrower**”) and an indirect subsidiary of ProFrac Holding Corp. (the “**Company**”),\nProFrac Holdings, LLC, a Texas limited liability company (“**Holdings**”), the other guarantors party thereto, the lenders\nparty thereto and Eclipse Business Capital LLC, as agent, collateral agent, swingline lender and lead arranger and bookrunner (in such\ncapacities, the “**Agent**”), entered into a Credit Agreement (the “**Eclipse Credit Agreement**”), which\nprovides for a senior secured asset-based revolving credit facility. Capitalized terms used and not otherwise defined in this summary\nof the Eclipse Credit Agreement have the meanings provided in the Eclipse Credit Agreement.\n\n \n\nThe Eclipse Credit Agreement provides for, among\nother things, the following material terms: (a) a maximum revolver amount of $300.0 million as of the closing date, subject to an uncommitted\naccordion permitting increases of up to $25.0 million in the aggregate, with availability subject to a borrowing base based on accounts\nreceivable and inventory; (b) a scheduled maturity of July 1, 2030; (c) revolving loans bearing interest, at the Borrower’s option,\nat a rate based on adjusted term SOFR (subject to a 2.00% floor) plus an applicable margin ranging from 4.00% to 4.50%, or a base rate\nplus an applicable margin ranging from 3.00% to 3.50%, in each case determined by reference to a pricing grid based on average historical\navailability and fixed charge coverage ratio; (d) an unused line fee of 0.500% per annum; and (e) a springing minimum fixed charge coverage\nratio of 1.00 to 1.00, tested only during a covenant testing period when Availability is less than 10% of Gross Availability. The obligations\nunder the Eclipse Credit Agreement are guaranteed by Holdings and the other guarantors party thereto and are secured by liens on substantially\nall of the assets of the Borrower and the guarantors. The Borrower used borrowings under the Eclipse Credit Agreement, together with cash\non hand, to refinance and repay in full its obligations under, and to terminate, the Preexisting Credit Agreement described in Item 1.02\nbelow.\n\n \n\nThe foregoing description of the Eclipse Credit\nAgreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Eclipse Credit Agreement,\na copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.\n\n \n\nOn July 1, 2026, the Borrower, the guarantors\nparty thereto and U.S. Bank Trust Company, National Association, as trustee, calculation agent and collateral agent, entered into a Seventh\nSupplemental Indenture (the “**Seventh Supplemental Indenture**”) to the Indenture, dated as of December 27, 2023 (as amended,\nrestated, supplemented or otherwise modified from time to time, the “**Indenture**”), governing the Borrower’s Senior\nSecured Floating Rate Notes due 2029 (the “**Notes**”). The Seventh Supplemental Indenture was entered into with the consent\nof the holders of a majority in aggregate principal amount of the outstanding Notes.\n\n \n\nThe Seventh Supplemental Indenture amended the\nIndenture to increase, from $275.0 million to $325.0 million, the amount of indebtedness under credit facilities that the Borrower and\nits restricted subsidiaries are permitted to incur under the applicable debt covenant in the Indenture.\n\n \n\nThe foregoing description of the Seventh Supplemental\nIndenture does not purport to be complete and is qualified in its entirety by reference to the full text of the Seventh Supplemental Indenture,\na copy of which is attached as Exhibit 4.1 to this Current Report on Form 8-K and is incorporated herein by reference."}