Brief: Atlas Energy Solutions To Acquire Hi-Crush

Atlas Energy Solutions

27/02/2024 11:05

Feb 27 (Reuters) - Atlas Energy Solutions Inc  AESI.N :
    * ATLAS ENERGY SOLUTIONS INC. TO ACQUIRE HI-CRUSH INC.,
CREATING
THE LARGEST PROPPANT PRODUCER IN THE COUNTRY AND AN INDUSTRY
LEADING LOGISTICS PROVIDER
    * ATLAS ENERGY SOLUTIONS INC: PROPOSED DEAL FOR $450 MILLION
    * ATLAS ENERGY SOLUTIONS INC: TRANSACTION CONSIDERATION
INCLUDES
$150 MILLION IN UP-FRONT CASH, $175 MILLION IN SHARES OF COMMON
STOCK OF AESI
    * ATLAS ENERGY SOLUTIONS INC: TRANSACTION CONSIDERATION
INCLUDES
$125 MILLION IN DEFERRED CASH PAYMENTS IN FORM OF A SELLER'S
NOTE
    * ATLAS ENERGY SOLUTIONS INC: DEAL ESTIMATED TO BE
IMMEDIATELY
DOUBLE-DIGIT ACCRETIVE TO CFPS AND EPS
    * ATLAS ENERGY SOLUTIONS INC SEES PRO FORMA 2024 ADJUSTED
EBITDA
BETWEEN $425 TO $475 MILLION
    * ATLAS ENERGY SOLUTIONS: ON COMBINED BASIS, WE'LL HAVE 28
MILLION
TONS OF AVAILABLE PRODUCTION CAPACITY, INCREASING TO ABOUT 29
MILLION TONS IN 2025
    * ATLAS ENERGY SOLUTIONS : ATLAS WILL USE COMBINATION OF
DEBT
FACILITIES TO FUND CASH COMPONENT OF UP-FRONT PURCHASE PRICE

Source text for Eikon:  ID:nBw3NMRZ5a 
Further company coverage:  AESI.N 

 ((Reuters.Briefs@thomsonreuters.com;))