NewsHK
The capex cycle in oilfield services rarely shows its hand more plainly than in a debt amendment that suspends amortization and opens the door to paid-in-kind interest.
(Nasdaq: ACDC) disclosed exactly that on September 11, 2026, filing a Fifth Amendment to its Alpine Term Loan Credit Agreement that rewrites the near-term cash profile of the facility and simultaneously retired $60 million in affiliate-held debt through a transfer of Flotek Industries, Inc.
The amended facility Under the fifth amendment, PF Proppant Holding, LLC, the borrower, may elect to pay in kind 675 basis points of the applicable interest rate on outstanding principal on any interest payment date on or after September 1, 2026, for twelve months, with the elected amount added to the principal balance.
Quarterly amortization, previously set at $15 million per quarter, falls to zero for seven consecutive quarters spanning September 30, 2026 through March 31, 2028.
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