ProFrac launches $75M public offering

* ProFrac (NASDAQ:ACDC [https://seekingalpha.com/symbol/ACDC]) has commenced an underwritten public offering of $75M in Class A common stock.
* Underwriters have a 30-day option to purchase up to an additional $11.25M in shares.
* Net proceeds will be used to repay debt under its senior secured revolving credit facility, and for investments, working capital, and general corporate purposes.
* Source: Press release [https://seekingalpha.com/pr/20198801-profrac-holding-corp-announces-proposed-public-offering-of-class-a-common-stock]

MORE ON PROFRAC HOLDING

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