Ranger completes $36.65M acquisition of Basic Energy assets and $42M preferred stock placement

Ranger Energy Services, Inc.

Acquired Basic Energy Services well servicing, fishing/rental, coiled tubing assets for $36.65M cash plus assumed liabilities.
Closed $42M private placement of Series A Convertible Preferred Stock to accredited investors.
Entered new $77.5M credit facility with Eclipse Business Capital ($50M revolver, $12.5M M&E term loan, $15M term loan B).
Redeemed all outstanding Class B common stock for Class A shares; no Class B shares remain outstanding.
Filed Certificate of Designations creating Series A Convertible Preferred Stock with liquidation preference of $7.00 per share.

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