Profrac holding corp. completes acquisition of performance proppants and upsize of abl credit facility

Willow park, texas , feb. 27, 2023 /prnewswire/ -- profrac holding corp. (nasdaq: acdc) ("profrac" or the "company") announced today that it has successfully completed its acquisition of performance proppants, making it the largest in-basin proppant producer serving the haynesville. profrac acquired performance proppants for approximately $475 million, consisting of $469 million in cash and the remainder in shares of profrac class a common stock.
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