Brief: Profrac Holding Corp. To Acquire U.S. Well Services, Inc.

ProFrac Holding

21/06/2022 23:11

June 21 (Reuters) - Profrac Holding Corp  PFHC.O :
    * PROFRAC HOLDING CORP. TO ACQUIRE U.S. WELL SERVICES, INC.
    * PROFRAC HOLDING CORP. TO ACQUIRE U.S. WELL SERVICES, INC.
    * PROFRAC HOLDING CORP - DEAL EXPECTED TO BE ACCRETIVE TO
2023
ADJUSTED EBITDA
    * PROFRAC HOLDING CORP - EXPECTED TO RESULT IN APPROXIMATELY
$35
MILLION OF ANNUAL COST SYNERGIES
    * PROFRAC HOLDING CORP - DEAL EXPECTED TO ELIMINATE
PROFRAC'S
EXPECTED LICENSE FEES TO USWS OF APPROXIMATELY $22.5 MILLION PER
YEAR OVER NEXT FOUR YEARS
    * PROFRAC - STOCK-FOR-STOCK DEAL WITH EXCHANGE RATIO OF
0.0561
SHARES OF CO'S CLASS A COMMON STOCK FOR EACH SHARE OF USWS CLASS
A COMMON STOCK
    * PROFRAC HOLDING CORP - EXPECTS TO SEPARATELY FINANCE
REMAINING
USWS DEBT AT DEAL CLOSING

Source text for Eikon:  ID:nPn9FmPpJa 
Further company coverage:  PFHC.O 

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