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0 -0.0175746924428823 -0.015817223198594 -0.015817223198594 -0.00793497363796142 -0.00825131810193318 -0.00571177504393669 -0.0149384885764499
Stock impact report

Eldridge Closes $350 Million Lease Facility with ProPetro

ProPetro Holding Corp. (PUMP) 
Last propetro holding corp. earnings: 3/31 04:54 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.propetroservices.com
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Eldridge Capital Management (“Eldridge”) today announced the closing of a $350 million lease facility with ProPetro Energy Solutions, LLC d/b/a PROPWRSM (“PROPWR”), a wholly owned subsidiary of ProPetro Holding Corp. (NYSE: PUMP). The facility will provide PROPWR, the power generation solutions division of ProPetro, with access to growth capital for the acquisition of new power generation equipment for its robust and growing commercial pipeline across oilfield, industrial, and datacenter sectors.This lease facility provides PROPWR with access to additional capital to acquire high efficiency natural gas reciprocating engine generators and modular turbines to support its target of 750 megawatts delivered by 2028. Eldridge’s capital solution supports PROPWR’s ability to execute on this vision and reinforces its position as a leading provider of innovative, reliable power solutions across multiple high growth and power constrained end markets.“We are excited Show less Read more
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