BRIEF-Atlas Energy Solutions To Acquire Hi-Crush

BRIEF-Atlas Energy Solutions To Acquire Hi-Crush

Atlas Energy Solutions Inc: * ATLAS ENERGY SOLUTIONS INC. TO ACQUIRE HI-CRUSH INC., CREATING THE LARGEST PROPPANT PRODUCER IN THE COUNTRY AND AN INDUSTRY LEADING LOGISTICS PROVIDER

* ATLAS ENERGY SOLUTIONS INC: PROPOSED DEAL FOR $450 MILLION * ATLAS ENERGY SOLUTIONS INC: TRANSACTION CONSIDERATION INCLUDES $150 MILLION IN UP-FRONT CASH, $175 MILLION IN SHARES OF COMMON STOCK OF AESI

* ATLAS ENERGY SOLUTIONS INC: TRANSACTION CONSIDERATION INCLUDES $125 MILLION IN DEFERRED CASH PAYMENTS IN FORM OF A SELLER'S NOTE * ATLAS ENERGY SOLUTIONS INC: DEAL ESTIMATED TO BE IMMEDIATELY DOUBLE-DIGIT ACCRETIVE TO CFPS AND EPS

* ATLAS ENERGY SOLUTIONS INC SEES PRO FORMA 2024 ADJUSTED EBITDA BETWEEN $425 TO $475 MILLION * ATLAS ENERGY SOLUTIONS: ON COMBINED BASIS, WE'LL HAVE 28 MILLION TONS OF AVAILABLE PRODUCTION CAPACITY, INCREASING TO ABOUT 29 MILLION TONS IN 2025

* ATLAS ENERGY SOLUTIONS : ATLAS WILL USE COMBINATION OF DEBT FACILITIES TO FUND CASH COMPONENT OF UP-FRONT PURCHASE PRICE Source text for Eikon: Further company coverage:

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