Archrock收购Total Operations和生产服务

2024-07-23 04:53

Archrock (NYSE:AROC) and Total Operations and Production Services announced agreement under which Archrock will acquire TOPS, including approximately 580,000 horsepower of young electric motor drive compression assets, in a cash-and-stock transaction valued at $983M.
The transaction is expected to be more than 10% accretive to earnings per share and more than 20% accretive to cash available for dividend per share in 2025.
Under the terms of the agreement, Archrock will issue approximately 6.87M new Archrock common shares to the sellers.
In addition, Archrock intends to fund the $826M cash portion of the total consideration with a combination of equity and debt, and with an approach consistent with the Company’s stated target leverage ratio range of between 3.0 times and 3.5 times.
Following close of the transaction, TOPS will continue to be led by Brian Green.
Source: Press Release

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