ProPetro Holding Corp. Prices Upsized Secondary Public Offering of Common Stock

MIDLAND, Texas--()--ProPetro Holding Corp. (the “Company”) (NYSE: PUMP) has priced an upsized underwritten public offering of 12,000,000 shares of its common stock at $15.50 per share, which are to be sold by the selling stockholders named in the registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission (“SEC”). The selling stockholders named in the registration statement have granted Goldman Sachs & Co. LLC a 30-day option to purchase from the selling stockholders up to an additional 1,800,000 shares of the Company’s common stock at the public offering price. The Company’s shares of common stock trade on the New York Stock Exchange under the ticker symbol “PUMP.” The offering is expected to close on November 9, 2017, subject to customary closing conditions.

The Company will not receive any proceeds from the sale by the selling stockholders of shares of the Company’s common stock.

Goldman Sachs & Co. LLC is acting as book-running manager for this offering.

This offering is being made only by means of a written prospectus that meets the requirements of Section 10 of the Securities Act of 1933, copies of which may be obtained from:

 

Goldman Sachs & Co. LLC
Attention: Prospectus Department
200 West Street
New York, NY 10282
Telephone: 1-866-471-2526
Email: prospectus-ny@ny.email.gs.com

 

Important Information

A registration statement relating to these securities has been filed with and declared effective by the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

When available, to obtain a copy of the prospectus free of charge, visit the SEC’s website, www.sec.gov, and search under the registrant’s name, “ProPetro Holding Corp.”

Cautionary Statement Concerning Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. Statements that do not relate to historical matters identify forward-looking statements. Forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict, many of which may be beyond our control, and there can be no assurance that actual outcomes and results will not differ materially from those expected by our management. These forward-looking statements involve certain risks and uncertainties, including, among others, that our business plans may change as circumstances warrant. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. For more information concerning factors that could cause actual results to differ materially from those conveyed in the forward-looking statements, please refer to the “Risk Factors” section of the prospectus included in the registration statement on Form S-1, in the form last filed with the SEC. All forward-looking statements speak only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, unless required by law.

About ProPetro:

ProPetro Holding Corp. is a Midland, Texas-based oilfield services company providing hydraulic fracturing and other complementary services to leading upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources.

Contacts

ProPetro Holding Corp.
Sam Sledge, 432-688-0012
Director – Investor Relations
sam.sledge@propetroservices.com

Contacts

ProPetro Holding Corp.
Sam Sledge, 432-688-0012
Director – Investor Relations
sam.sledge@propetroservices.com