Solaris Completes Acquisition of Mobile Energy Rentals and Renames to “Solaris Energy Infrastructure”
Solaris Energy Infrastructure, Inc. Class A (SEI)
Company Research
Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Solaris Energy Infrastructure, Inc. (NYSE:SEI) (f/k/a Solaris Oilfield Infrastructure, Inc. (NYSE:SOI)) (“Solaris” or the “Company”) announced today the completion of its acquisition of Mobile Energy Rentals LLC (“MER”).In connection with the previously announced acquisition and associated growth capital commitments to scale MER’s distributed power fleet, Solaris has entered into a new $325 million senior secured term loan and is in the process of finalizing a new $75 million revolving credit facility. After finalizing the new revolving credit facility, the Company expects to be undrawn on the facility. These new credit agreements replace the $300 million secured bridge term loan facility secured at the time of the transaction announcement.The Company has also completed its previously announced renaming to “Solaris Energy Infrastructure, Inc.” The Company’s Class A Common Stock ceased trading under the ticker symbol "SOI" on the New York Stock Exchange as
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SEI
Earnings
- 11/4/24 - Miss
SEI
Sec Filings
- 11/18/24 - Form S-3
- 11/18/24 - Form 8-K/A
- 11/14/24 - Form SC
- SEI's page on the SEC website