Beal bank provides $637.5 million of $885.0 million in new debt to profrac holding corp (nasdaq: acdc) and its subsidiaries

Dallas , jan. 22, 2024 /prnewswire/ -- beal bank is pleased to announce that it has provided of $637,500,000 out of a total of $885,000,000 to refinance an existing term loan of profrac holding corp. (nasdaq: acdc) as majority holder of newly issued $520,000,000 senior secured floating rate notes and sole lender of a $365,000,000 term loan to profrac's wholly owned subsidiary alpine silica. farzin dinyarian, head of oil & gas for beal bank's wholly-owned commercial lending subsidiary csg investments, inc., said, "beal bank is excited to lend to profrac, one of the largest and premier companies in the pressure pumping and in-basin frac sand space.
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