Cactus Inc. Amends Credit Facility to Add $100 Million Term Loan Option

Cactus Inc., through its subsidiary Cactus Companies, LLC, has entered into an amendment to its existing Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. and other lenders. The amendment establishes a new delayed draw term loan facility of up to $100 million, or 85% of the appraised value of certain machinery and equipment, to be used primarily for the acquisition of membership interests in Baker Hughes Pressure Control LLC and related expenses. The term loan facility, undrawn at closing, allows for up to two draws within six months and matures three years after the first funding. The facility bears interest at a variable rate depending on the chosen benchmark, with applicable margins of 2.50% or 3.50%, and includes quarterly amortization starting no earlier than April 2026. The amendment also extends the maturity of the revolving credit facility commitments to December 1, 2030, and expands the collateral to include additional equipment and intellectual property. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cactus Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-25-054820), on December 02, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here