Solaris Completes Acquisition of Mobile Energy Rentals and Renames to “Solaris Energy Infrastructure”
Solaris Energy Infrastructure, Inc. (NYSE:SEI), formerly Solaris Oilfield Infrastructure, Inc. (NYSE:SOI), has completed its acquisition of Mobile Energy Rentals (MER). The company has secured a $325 million senior secured term loan and is finalizing a $75 million revolving credit facility to support the acquisition and scale MER's distributed power fleet. These new credit agreements replace the previous $300 million secured bridge term loan facility.
Solaris has also rebranded to 'Solaris Energy Infrastructure, Inc.' and will begin trading under the new ticker symbol 'SEI' on September 12, 2024. The acquisition brings an experienced team, a highly-contracted base business, and growth opportunities in both oilfield and commercial/industrial sectors, including data centers. The company aims to deliver a growing and diversified cash flow stream, enhancing its ability to pursue adjacent growth opportunities and accelerate shareholder returns.
Solaris Energy Infrastructure, Inc. (NYSE:SEI), precedentemente Solaris Oilfield Infrastructure, Inc. (NYSE:SOI), ha completato l'acquisizione di Mobile Energy Rentals (MER). L'azienda ha ottenuto un prestito senior garantito a termine di 325 milioni di dollari ed è in fase di finalizzazione di una linea di credito revolving da 75 milioni di dollari per supportare l'acquisizione e potenziare la flotta di energia distribuita di MER. Questi nuovi accordi di credito sostituiscono il precedente prestito garantito a ponte di 300 milioni di dollari.
Solaris ha anche cambiato nome in 'Solaris Energy Infrastructure, Inc.' e inizierà a operare con il nuovo simbolo ticker 'SEI' il 12 settembre 2024. L'acquisizione porta un team esperto, una base d'affari altamente contrattata e opportunità di crescita nei settori petrolifero e commerciale/industriale, inclusi i data center. L'azienda si propone di fornire un flusso di cassa crescente e diversificato, migliorando la sua capacità di perseguire opportunità di crescita adiacenti e accelerare i ritorni per gli azionisti.
Solaris Energy Infrastructure, Inc. (NYSE:SEI), anteriormente Solaris Oilfield Infrastructure, Inc. (NYSE:SOI), ha completado la adquisición de Mobile Energy Rentals (MER). La empresa ha asegurado un préstamo a plazo garantizado senior de 325 millones de dólares y está finalizando una línea de crédito revolvente de 75 millones de dólares para apoyar la adquisición y escalar la flota de energía distribuida de MER. Estos nuevos acuerdos de crédito reemplazan el anterior préstamo puente garantizado de 300 millones de dólares.
Solaris también se ha rebranding como 'Solaris Energy Infrastructure, Inc.' y comenzará a cotizar bajo el nuevo símbolo de ticker 'SEI' el 12 de septiembre de 2024. La adquisición trae un equipo experimentado, una base de negocio altamente contratada y oportunidades de crecimiento tanto en los sectores de petróleo como comercial/industrial, incluidos los centros de datos. La empresa tiene como objetivo ofrecer un flujo de efectivo creciente y diversificado, mejorando su capacidad para buscar oportunidades de crecimiento adyacentes y acelerar los retornos para los accionistas.
Solaris Energy Infrastructure, Inc. (NYSE:SEI), 이전의 Solaris Oilfield Infrastructure, Inc. (NYSE:SOI),는 Mobile Energy Rentals (MER)의 인수 작업을 완료했습니다. 이 회사는 3억 2500만 달러의 선순위 담보 정기 대출을 확보했으며, 인수를 지원하고 MER의 분산 전력 함대를 확장하기 위한 7500만 달러의 회전 신용 시설을 마무리하고 있습니다. 이러한 새로운 신용 계약은 이전의 3억 달러의 담보 다리 대출 시설을 대체합니다.
Solaris는 또한 'Solaris Energy Infrastructure, Inc.'로 새 이름을 변경했습니다와 2024년 9월 12일에 'SEI'라는 새로운 티커 기호로 거래를 시작합니다. 이번 인수는 경험이 풍부한 팀과, 높은 계약 기반 비즈니스 및 데이터 센터를 포함한 석유 및 상업/산업 분야의 성장 기회를 제공합니다. 이 회사는 성장하고 다양화된 현금 흐름을 제공하고 인접한 성장 기회를 추구하며 주주 수익을 가속화할 수 있는 능력을 향상시키는 것을 목표로 하고 있습니다.
Solaris Energy Infrastructure, Inc. (NYSE:SEI), auparavant Solaris Oilfield Infrastructure, Inc. (NYSE:SOI), a achevé son acquisition de Mobile Energy Rentals (MER). L'entreprise a sécurisé un prêt à terme senior garanti de 325 millions de dollars et finalise une ligne de crédit renouvelable de 75 millions de dollars pour soutenir l'acquisition et étendre la flotte d'énergie distribuée de MER. Ces nouveaux accords de crédit remplacent le précédent prêt à pont garanti de 300 millions de dollars.
Solaris a également changé de nom pour devenir 'Solaris Energy Infrastructure, Inc.' et commencera à négocier sous le nouveau symbole boursier 'SEI' à partir du 12 septembre 2024. L'acquisition apporte une équipe expérimentée, une base d'affaires fortement contractée et des opportunités de croissance dans les secteurs pétrolier et commercial/industriel, y compris les centres de données. L'objectif de l'entreprise est de fournir un flux de trésorerie croissant et diversifié, renforçant sa capacité à poursuivre des opportunités de croissance adjacentes et à accélérer les rendements pour les actionnaires.
Solaris Energy Infrastructure, Inc. (NYSE:SEI), vormals Solaris Oilfield Infrastructure, Inc. (NYSE:SOI), hat die Übernahme von Mobile Energy Rentals (MER) abgeschlossen. Das Unternehmen hat einen senioren gesicherten Darlehen in Höhe von 325 Millionen Dollar gesichert und finalisiert eine revolving Kreditfazilität in Höhe von 75 Millionen Dollar, um die Übernahme zu unterstützen und die verteilte Energiefuhrung von MER zu skalieren. Diese neuen Kreditverträge ersetzen die vorherige gesicherte Brückenkreditfazilität in Höhe von 300 Millionen Dollar.
Solaris hat sich außerdem in 'Solaris Energy Infrastructure, Inc.' umbenannt und wird ab dem 12. September 2024 mit dem neuen Tickersymbol 'SEI' handeln. Die Übernahme bringt ein erfahrenes Team, eine stark vertraglich gebundene Basis und Wachstumsmöglichkeiten sowohl im Öl- als auch im gewerblichen/industriellen Sektor, einschließlich Rechenzentren. Das Unternehmen hat zum Ziel, einen wachsenden und diversifizierten Cashflow zu liefern, um seine Fähigkeit zur Verfolgung angrenzender Wachstumschancen zu verbessern und die Renditen für die Aktionäre zu beschleunigen.
- Acquisition of Mobile Energy Rentals completed, expanding Solaris' business scope
- Secured $325 million senior secured term loan for growth capital
- Finalizing $75 million revolving credit facility, expected to be undrawn initially
- Rebranding to Solaris Energy Infrastructure reflects expanded business focus
- Potential for growth across multiple end markets, including oilfield and data centers
- Highly-contracted base business from MER acquisition provides stable revenue
- Increased debt load with new $325 million term loan
- Potential integration challenges following the acquisition
- Execution risks associated with expanding into new markets and sectors
Insights
The completion of Solaris' acquisition of Mobile Energy Rentals (MER) marks a significant strategic shift for the company. The
Solaris' acquisition of MER and subsequent rebranding represent a strategic market repositioning. By expanding into distributed power and commercial/industrial markets, Solaris is tapping into growing sectors like data centers, which have robust demand forecasts. This diversification could help buffer against volatility in the oil and gas sector. The move aligns with broader industry trends of energy companies expanding their portfolios beyond traditional fossil fuels. Investors should watch for synergies between Solaris' existing operations and MER's capabilities, as well as the company's ability to compete in new markets. The success of this strategy will largely depend on Solaris' execution in these new sectors and its ability to leverage its existing customer relationships and operational expertise.
Solaris' expansion into data center power infrastructure through the MER acquisition is a strategic move into a high-growth tech sector. Data centers are critical infrastructure for the digital economy, with increasing demand driven by cloud computing, AI and IoT. The distributed power solutions offered by MER could be particularly valuable for edge computing applications, where traditional grid connections may be insufficient or unreliable. This positions Solaris to capitalize on the trend of data center decentralization. However, the company will face competition from established players in the data center power market. Investors should monitor Solaris' ability to innovate and adapt its offerings to meet the specific needs of tech clients, which often prioritize energy efficiency and reliability. The success of this venture could significantly impact Solaris' growth trajectory and valuation multiples.
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
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 employees to the Solaris family. We are excited to combine our complementary skill sets and differentiated technologies under the new ‘Solaris Energy Infrastructure’ name,” Bill Zartler, Chairman and Chief Executive Officer of Solaris, commented. “This transaction brings to us an experienced team, a highly-contracted base business and visible growth via committed deliveries for new equipment that position Solaris for growth across multiple end markets, including both the oilfield and commercial and industrial areas such as data centers. We believe our customers, employees and shareholders will benefit as the combined company delivers a growing and diversified cash flow stream, which should, in turn, enhance our ability to continue pursuing adjacent growth opportunities and to accelerate shareholder returns.”
About Solaris Energy Infrastructure, Inc.
Solaris Energy Infrastructure, Inc. (NYSE:SEI) (f/k/a Solaris Oilfield Infrastructure, Inc. (NYSE:SOI)) provides mobile and scalable equipment-based solutions for use in distributed power generation as well as the management of raw materials used in the completion of oil and natural gas wells. Headquartered in
View source version on businesswire.com: https://www.businesswire.com/news/home/20240911042972/en/
Yvonne Fletcher
Senior Vice President, Finance and Investor Relations
(281) 501-3070
IR@solaris-energy.com
Source: Solaris Energy Infrastructure, Inc.
FAQ
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