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  "documentTitle": "Profrac | IPO Presentation Deck | 28 slides",
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  "authorName": "ProFrac",
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  "presentationDate": "2022-05-01 00:00:00",
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  "notes": "The slide details debt instruments and their usage, including related party debt.",
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      "text": "Proceeds from this offering will be used for repayment of outstanding indebtedness and general corporate purposes, including to pay the cost of manufacturing additional fleets",
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      "text": "First Financial Loan: Entered into a $30mm loan agreement in December 2021 with maturity in 2024.",
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      "text": "New term loan: Issued a $450mm term loan with maturity in 2025. Proceeds used repay and terminate the outstanding indebtedness under the prior ProFrac term loan and fund the FTSI acquisition.",
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      "text": "Equify Bridge Loan: Entered into a $45.8mm promissory note with maturity in 2027. In April 2022, the Company repaid $25.0 million in principal under the Equify Bridge Note.",
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      "text": "New ABL Credit Facility: Resized existing ABL facility to $200mm, includes a $100mm accordion feature. Borrowings primarily incurred to finance the FTSI acquisition and refinance borrowings under ProFrac's old ABL Credit Facility.",
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      "text": "Backstop Note and Closing Date Note: Issued notes with aggregate principal amount of $44mm to THRC Holdings, the investment vehicle for Dan Wilks, with maturity in 2027.",
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      "text": "Source: ProFrac provided information; 1) Related party debt agreement",
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      "text": "Long-term debt outstanding table showing $110.7mm, $450.0mm, $25.2mm, $20.8mm, $22.0mm, $22.0mm, $1.0mm, and total $651.7mm.",
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      "text": "Balance Sheet",
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