04:23 AM EDT, 05/05/2026 (MT Newswires) -- ProPetro ( PUMP ) priced an upsized $600 million private offering of 0.00% convertible senior notes due 2031, up from the previously announced $500 million, the company said late Monday.

The company said it granted initial purchasers a 13-day option to buy up to an additional $90 million in notes.

The oilfield services company expects net proceeds of about $581.3 million, or $668.6 million if the overallotment is exercised, with $32 million of the proceeds allocated to capped call transactions and the remainder intended for general corporate purposes.

Shares of the company were down 2.7% in premarket trade.