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Solaris Energy Infrastructure ( (SEI) ) just unveiled an announcement.
Solaris has finalized its acquisition of Mobile Energy Rentals and rebranded as Solaris Energy Infrastructure, shifting the company’s focus towards distributed power generation and the management of raw materials for oil and gas well completions. In line with the acquisition, Solaris has secured a $325 million senior secured term loan and is finalizing a $75 million revolving credit facility, which will replace a previous $300 million bridge loan. The company’s stock will trade under the new ticker symbol “SEI” on the New York Stock Exchange, reflecting its commitment to growth across various markets, including energy and industrial sectors like data centers.
Find detailed analytics on SEI stock on TipRanks’ Stock Analysis page.
