Brief: Solaris Announces Agreement To Acquire Mobile Energy Rentals

Solaris Energy Infrastructure

09/07/2024 23:21

July 9 (Reuters) - Solaris Oilfield Infrastructure Inc
 SOI.N :
    * SOLARIS ANNOUNCES AGREEMENT TO ACQUIRE MOBILE ENERGY
RENTALS;
ANNOUNCES RENAMING TO SOLARIS ENERGY INFRASTRUCTURE; ISSUES
SECOND QUARTER FINANCIAL UPDATE
    * SOLARIS OILFIELD INFRASTRUCTURE INC - PROPOSED DEAL FOR
FOR A
PURCHASE PRICE OF $200 MILLION
    * SOLARIS OILFIELD INFRASTRUCTURE INC - EXPECTS TO SECURE
PERMANENT FINANCING PRIOR TO CLOSING, AND IS CURRENTLY EXPLORING
NUMEROUS FINANCING AVENUES
    * SOLARIS OILFIELD INFRASTRUCTURE INC: EXPECTS Q2 REVENUE TO
BE
BETWEEN $70 MILLION AND $75 MILLION
    * SOLARIS OILFIELD INFRASTRUCTURE INC - CONCURRENT WITH
CLOSING OF
TRANSACTION, CO INTENDS TO RENAME COMPANY SOLARIS ENERGY
INFRASTRUCTURE, INC
    * SOLARIS OILFIELD INFRASTRUCTURE- TO USE DEBT FINANCING &
FCF
GENERATED FROM CURRENT SOLARIS BUSINESS TO FUND CASH DUE AT
CLOSING OF DEAL

Source text for Eikon:  ID:nBwQxpDqa 
Further company coverage:  SOI.N 

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