Rockwater Energy Solutions Announces Amendment and Restatement of Credit Agreement

March 19, 2015
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HOUSTON –March 19, 2015. Rockwater Energy Solutions, Inc., a leading provider of fluids management and environmental solutions to the oil and gas industry, today announced that it has entered into an amended and restated credit agreement with a strong group of banks to extend the maturity date of its revolving credit facility to March 2019. The lender commitments under the revolving credit facility total $350 million, with an additional $150 million accordion feature.

“We are extremely pleased with this extension of our bank credit facility, which was originally put in place at the formation of Rockwater in 2011. We believe the continuing support of the lenders demonstrates Rockwater’s strong balance sheet and solid business model,” said Larry O’Donnell, Rockwater’s Chairman, President and Chief Executive Officer.

The bank group includes Wells Fargo as Joint Lead Arranger and Sole Bookrunner; Bank of America Merrill Lynch and HSBC Bank as Joint Lead Arrangers and Co-Syndication Agents; and JPMorgan Chase Bank as Documentation Agent.

About Rockwater Energy Solutions

Rockwater Energy Solutions, Inc. provides extensive fluids management services and environmental solutions to the oil and gas industry by customizing cost-effective solutions associated with the full fluids life cycle. Rockwater offerings include water transfer by pipe; completion, stimulation, and production chemicals; water conditioning for reuse; proppant, guar, and additives for fracturing; flowback and well testing services; fluids transportation and storage; and logistics and distribution services to support its product and service offerings. Rockwater is headquartered in Houston, Texas, and has about 2,500 employees serving every major shale basin in North America.

Forward-Looking Statements Rockwater Energy Solutions, Inc. (the “Company”), from time to time, provides estimates of financial and other data, comments on expectations relating to future periods, opines on its prospects for future growth, and makes statements of opinion, view or belief about current and future events. Statements relating to future events and performance are “forward-looking statements.” Forward-looking statements are generally accompanied by words such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “potential,” “could,” “may,” “foresee,” “plan,” “goal” or other words that convey the uncertainty of future events or outcomes. Forward-looking statements are not guarantees of performance. The Company has based these forward-looking statements on its current expectations and assumptions about future events. These statements are based on certain assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments as well as other factors it believes are appropriate under the circumstances. Actual results may differ materially from those implied or expressed by the forward-looking statements. These forward-looking statements speak only as of the date of this press release, or if earlier, as of the date they were made. By issuing estimates or making statements based on current expectations, opinions, views or beliefs, the Company has no obligation, and is not undertaking any obligation, to update such estimates or statements or to provide any other information relating to such estimates or statements. The Company faces a variety of risks that could cause actual results to differ materially from those that may be set forth in the forward-looking statements made by the Company. We caution you not to place undue reliance on any forward-looking statements.