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BRIEF-Solaris Announces Agreement To Acquire Mobile Energy Rentals
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BRIEF-Solaris Announces Agreement To Acquire Mobile Energy Rentals
Jul 9, 2024 3:55 PM

July 9 (Reuters) - Solaris Oilfield Infrastructure Inc ( SOI )

:

* SOLARIS ANNOUNCES AGREEMENT TO ACQUIRE MOBILE ENERGY

RENTALS;

ANNOUNCES RENAMING TO SOLARIS ENERGY INFRASTRUCTURE; ISSUES

SECOND QUARTER FINANCIAL UPDATE

* SOLARIS OILFIELD INFRASTRUCTURE INC ( SOI ) - PROPOSED DEAL FOR

FOR A

PURCHASE PRICE OF $200 MILLION

* SOLARIS OILFIELD INFRASTRUCTURE INC ( SOI ) - EXPECTS TO SECURE

PERMANENT FINANCING PRIOR TO CLOSING, AND IS CURRENTLY EXPLORING

NUMEROUS FINANCING AVENUES

* SOLARIS OILFIELD INFRASTRUCTURE INC ( SOI ): EXPECTS Q2 REVENUE TO

BE

BETWEEN $70 MILLION AND $75 MILLION

* SOLARIS OILFIELD INFRASTRUCTURE INC ( SOI ) - CONCURRENT WITH

CLOSING OF

TRANSACTION, CO INTENDS TO RENAME COMPANY SOLARIS ENERGY

INFRASTRUCTURE, INC

* SOLARIS OILFIELD INFRASTRUCTURE ( SOI )- TO USE DEBT FINANCING &

FCF

GENERATED FROM CURRENT SOLARIS BUSINESS TO FUND CASH DUE AT

CLOSING OF DEAL

Source text for Eikon:

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