Solaris Oilfield Infrastructure Inc.
Description
Priced IPO of 10.1 million Class A common shares at $12 each. Underwriters received 30-day option to purchase about 1.51 million additional shares. All proceeds will go to subsidiary Solaris Oilfield Infrastructure LLC in exchange for limited liability company units in Solaris LLC. Solaris LLC will use them to repay credit facility borrowings, pay cash bonuses and support other general corporate purposes including 2017 capital program. Credit Suisse and Goldman Sachs & Co. LLC were joint book-running managers.
Companies
Estimated Price
$110.8MM
Financing Type
Report Date