Washington, D.C. 20549








Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934


Date of report (date of earliest event reported): March 17, 2020




ProPetro Holding Corp.
(Exact name of registrant as specified in its charter)
Delaware 001-38035 26-3685382
(State or other jurisdiction of
(Commission File Number) (I.R.S. Employer
Identification No.)
1706 S. Midkiff
Midland, TX
(Address of principal executive offices)   (Zip Code)
Registrant’s telephone number, including area code: (432) 688-0012




Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Securities registered pursuant to Section 12(b) of the Act:


Title of each class Trading Symbol(s) Name of each exchange on which
Common Stock, par value $0.001 per share PUMP New York Stock Exchange


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).                                                  Emerging growth company ¨


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨







Item 1.01Entry into a Material Definitive Agreement.


On March 17, 2020, ProPetro Holding Corp. (the “Company”), ProPetro Services, Inc. (the “Borrower”), certain lenders party thereto (the “Required Lenders”) and Barclays Bank PLC, as administrative agent (the “Agent”), entered into a Waiver (the “Waiver”) with respect to that certain Credit Agreement, dated as of March 22, 2017 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”).


The Waiver, for the period commencing March 17, 2020 and ending on July 31, 2020, waives the requirement in Section 6.2(a) of the Credit Agreement with respect to the delivery of the audited annual financial statements of the Company, the Borrower and its Restricted Subsidiaries and related reports, statements and auditors’ opinion for the fiscal year ended December 31, 2019.


The foregoing description is not complete and is qualified in its entirety by reference to the full text of the Waiver, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.


Item 9.01Financial Statements and Exhibits.






Description of Exhibit

10.1   Waiver to Credit Agreement, dated as of March 17, 2020 by and among ProPetro Holding Corp., ProPetro Services, Inc., Barclays Bank PLC, as the Agent, the Collateral Agent, a Letter of Credit Issuer and the Swingline Lender, and each of the Lenders from time to time party thereto.







Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Date: March 23, 2020 By: /s/ Darin G. Holderness
    Darin G. Holderness
    Interim Chief Financial Officer