ProPetro Holding Corp.


Priced IPO of 25 million common shares at $14 each, of which about 13.25 million will be sold by the company and 11.75 million will be sold by selling stockholders. Selling stockholders granted underwriters a 30-day option to purchase 3.75 million additional shares. Net proceeds will repay outstanding borrowings under the term loan, fund purchase of additional hydraulic fracturing units and support general corporate purposes. ProPetro will not receive any net proceeds from the selling stockholders’ shares. Goldman Sachs & Co. and Barclays Capital Inc. are book-running managers. Credit Suisse and J.P. Morgan Securities LLC are also book-running managers.

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