Solaris Completes Acquisition of Mobile Energy Rentals and Renames to "Solaris Energy Infrastructure" [Yahoo! Finance]
Solaris Oilfield Infrastructure, Inc. Class A (SOI)
Last solaris oilfield infrastructure, inc. class a earnings: 4/30 04:57 pm
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US:NYSE Investor Relations:
ir.solarisoilfield.com
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Source: Yahoo! Finance
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 of the close of trading today and will begin trading under the new symbol "SEI" on September 12, 2024. "We'd like to welcome the MER employ
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Earnings
- 8/8/24 - Beat
SOI
Sec Filings
- 9/3/24 - Form 8-K
- 8/27/24 - Form 4
- 8/27/24 - Form 4
- SOI's page on the SEC website