UNAUDITED PRO FORMA CONDENSED COMBINED AND CONSOLIDATEDKeane Group, Inc. • August 4th, 2017 • Oil & gas field services, nec
On July 3, 2017, pursuant to a Purchase Agreement dated May 18, 2017 (the “RockPile Purchase Agreement”) with RockPile Holdings, RockPile Management NewCo, LLC, a Delaware limited liability company (together with the RockPile Holdings, the “RockPile Seller Parties”) and RockPile Energy Services, LLC (“RockPile”), Keane Group, Inc. (“Keane” or the “Company”) completed its acquisition of 100% of the equity interests of RockPile (the “RockPile Acquisition”) for (i) approximately $123.3 million in cash, including approximately $4.4 million in respect of deposits previously paid by RockPile Seller Parties for 30,000 previously ordered hydraulic fracturing horsepower, (ii) 8,684,210 shares of our common stock and (iii) certain contingent value rights, as discussed herein. In connection with the RockPile Acquisition, the Company and certain of its subsidiaries entered into an amendment to the existing Company’s term loan facility with each of the incremental lenders party thereto, each of the
