HOUSTON--(BUSINESS WIRE)--Solaris Oilfield Infrastructure, Inc. (NYSE: SOI) (“Solaris”) announced
today that it has launched an initial public offering of 10,600,000
shares of its Class A common stock (“common stock”) at an anticipated
initial offering price between $15.00 and $18.00 per share pursuant to a
registration statement on Form S-1 (the “Registration Statement”) filed
previously with the Securities and Exchange Commission (the “SEC”). In
addition, Solaris intends to grant the underwriters a 30-day option to
purchase up to an additional 1,590,000 shares of Solaris’ common stock
at the initial public offering price, less underwriting discounts and
commissions. The shares have been authorized for listing on the New York
Stock Exchange under the ticker symbol “SOI,” subject to official notice
of issuance.
Credit Suisse and Goldman Sachs & Co. LLC are acting as joint
book-running managers for the offering. The offering of these securities
will be made only by means of a prospectus that meets the requirements
of Section 10 of the Securities Act of 1933. A copy of the preliminary
prospectus may be obtained from:
Credit Suisse Securities (USA) LLC
Attention: Prospectus Department
Eleven
Madison Avenue
New York, New York 10010
Telephone: (800)
221-1037
[email protected]
Goldman Sachs & Co. LLC
Attention: Prospectus Department
200
West Street
New York, NY 10282
Telephone: (212) 902-1171
[email protected]
About Solaris Oilfield Infrastructure, Inc.
Solaris Oilfield Infrastructure, Inc. manufactures and provides patented
mobile proppant management systems that unload, store and deliver
proppant at oil and natural gas well sites, and its systems are deployed
in many of the most active oil and natural gas basins in the United
States, including the Permian Basin, the Eagle Ford Shale and the
SCOOP/STACK formation.
Important Information
A registration statement relating to these securities has been filed
with the SEC but has not yet become effective. These securities may not
be sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective. The registration statement may
be obtained free of charge at the SEC’s website at www.sec.gov
under “Solaris Oilfield Infrastructure, Inc.” This press release shall
not constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be unlawful
prior to the registration or qualification under the securities laws of
any such state or jurisdiction.
Cautionary Statement Concerning Forward-Looking Statements
Certain statements contained in this press release constitute
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements, including statements regarding the size, timing or results
of the initial public offering, represent Solaris’ expectations or
beliefs concerning future events, and it is possible that the results
described in this press release will not be achieved. These
forward-looking statements are subject to risks, uncertainties and other
factors, many of which are outside of Solaris’ control, that could cause
actual results to differ materially from the results discussed in the
forward-looking statements.
Any forward-looking statement speaks only as of the date on which it
is made, and, except as required by law, Solaris does not undertake any
obligation to update or revise any forward-looking statement, whether as
a result of new information, future events or otherwise. New factors
emerge from time to time, and it is not possible for Solaris to predict
all such factors. When considering these forward-looking statements, you
should keep in mind the risk factors and other cautionary statements in
the prospectus filed with the SEC in connection with Solaris’ initial
public offering. The risk factors and other factors noted in Solaris’
prospectus could cause its actual results to differ materially from
those contained in any forward-looking statement.
Contacts
Solaris Oilfield Infrastructure, Inc.
Kyle S. Ramachandran, (281)
501-3070
Chief Financial Officer
[email protected]