Cactus, Inc. Enters Material Definitive Agreement
Ticker: WHD · Form: 8-K · Filed: Dec 2, 2025 · CIK: 1699136
| Field | Detail |
|---|---|
| Company | Cactus, Inc. (WHD) |
| Form Type | 8-K |
| Filed Date | Dec 2, 2025 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $100.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
Related Tickers: CACT
TL;DR
CACT just signed a big deal, expect financial moves.
AI Summary
On December 1, 2025, Cactus, Inc. entered into a material definitive agreement, which also created a direct financial obligation for the company. The filing details this agreement and related financial obligations, with exhibits provided.
Why It Matters
This filing indicates a significant new financial commitment or contract for Cactus, Inc., which could impact its future financial performance and operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and financial obligations can introduce new risks related to performance, financing, and market conditions.
Key Players & Entities
- Cactus, Inc. (company) — Registrant
- December 1, 2025 (date) — Date of earliest event reported
- 35-2586106 (other) — I.R.S. Employer Identification No.
- 001-38390 (other) — Commission File Number
FAQ
What type of material definitive agreement did Cactus, Inc. enter into?
The filing states that Cactus, Inc. entered into a material definitive agreement, but the specific nature of the agreement is not detailed in the provided text.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is December 1, 2025.
What is Cactus, Inc.'s IRS Employer Identification Number?
Cactus, Inc.'s IRS Employer Identification Number is 35-2586106.
What is Cactus, Inc.'s Commission File Number?
Cactus, Inc.'s Commission File Number is 001-38390.
What are the main items reported in this 8-K filing?
The main items reported are the entry into a material definitive agreement, the creation of a direct financial obligation, and the filing of financial statements and exhibits.
Filing Stats: 1,165 words · 5 min read · ~4 pages · Grade level 12.1 · Accepted 2025-12-02 17:23:50
Key Financial Figures
- $0.01 — stered Class A Common Stock, par value $0.01 WHD New York Stock Exchange Indicate
- $100.0 million — principal amount of up to the lesser of $100.0 million and 85% of the aggregate appraised valu
Filing Documents
- whd-20251201.htm (8-K) — 30KB
- whd-20251201x8kxexhibit101.htm (EX-10.1) — 1731KB
- image_8a.jpg (GRAPHIC) — 111KB
- 0001628280-25-054820.txt ( ) — 2312KB
- whd-20251201.xsd (EX-101.SCH) — 2KB
- whd-20251201_lab.xml (EX-101.LAB) — 21KB
- whd-20251201_pre.xml (EX-101.PRE) — 12KB
- whd-20251201_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. Amended ABL Credit Facility On December 1, 2025, Cactus Companies, LLC ("Cactus Companies"), a subsidiary of Cactus Inc., entered into an amendment (the "ABL Credit Facility Amendment") to its Amended and Restated Credit Agreement originally entered into on February 28, 2023 (as amended prior to the ABL Credit Facility Amendment, the "ABL Credit Facility"), by and among Cactus Companies, as borrower, certain subsidiaries of Cactus Companies from time to time party thereto, as guarantors, the lenders party thereto and JPMorgan Chase Bank, N.A., as lender, administrative agent, issuing bank and swingline lender. The ABL Credit Facility Amendment established a delayed draw term loan facility (the "Term Loan Facility") in an aggregate principal amount of up to the lesser of $100.0 million and 85% of the aggregate appraised value of the machinery and equipment owned by Cactus Companies and its subsidiaries that guarantee the obligations under the ABL Credit Facility (including the Term Loan Facility and the existing revolving credit facility). Cactus Companies may make up to two draws under the Term Loan Facility during the six months after the closing of the ABL Credit Facility Amendment, subject to certain conditions. The proceeds of the Term Loan Facility may be used (a) to partially finance the acquisition of limited liability company membership interests in Baker Hughes Pressure Control LLC and related fees and expenses and (b) for other uses related to Baker Hughes Pressure Control LLC allowed by the Term Loan Facility. The Term Loan Facility was undrawn at closing. Any amounts drawn under the Term Loan Facility will mature on the three-year anniversary of the first funding of a loan under the Term Loan Facility. Borrowings under the Term Loan Facility will bear interest at Cactus Companies' option at any of (i) the Alternate Base Rate (as defined therein) ("ABR"), (ii) the Adjusted Term SOFR Rate (as defi
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1* Third Amendment, dated December 1, 2025, to the Amended and Restated Credit Agreement among Cactus Companies, LLC, as borrower, certain subsidiaries of Cactus Companies, LLC, as guarantors, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent, an issuing bank and swingline lender 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * All or certain of the exhibits and annexes to this agreement have been omitted in accordance with Item 601(a)(5) of Regulation S-K. A copy of any omitted schedule or exhibit will be furnished supplementally to the Securities and Exchange Commission upon request; provided, however, that the registrant may request confidential treatment of omitted items. 3
Signatures
Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Cactus, Inc. December 2, 2025 By: /s/ Jay A. Nutt Date Name: Jay A. Nutt Title: Executive Vice President, Chief Financial Officer and Treasurer 4