ProPetro plans USD 500 million convertible senior notes offering due 2031

ProPetro Holding

ProPetro Holding

PUMP

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  • ProPetro launched private offering of USD 500 million convertible senior notes due 2031, with initial purchasers option for additional USD 75 million.
  • Gross proceeds could reach USD 575 million if option is exercised.
  • Portion of proceeds earmarked for capped call transactions aimed at reducing potential dilution.
  • Remaining proceeds targeted for general corporate purposes, including growth capital for additional power generation equipment.
  • Notes expected to mature Nov. 15, 2031; interest rate, initial conversion rate set at pricing.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ProPetro Holding Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 202605040730BIZWIRE_USPR_____20260504_BW818475) on May 04, 2026, and is solely responsible for the information contained therein.

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