ROHSTOFF INTERNATIONAL

14:30 | 07.11.2017
ProPetro Holding Corp. Prices Upsized Secondary Public Offering of Common Stock

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. LLCAttention: Prospectus Department200
West StreetNew York, NY 10282Telephone: 1-866-471-2526Email:
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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171107005729/en/


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