Financing ·
Solaris Energy Infrastructure issues $1.25 billion of 7% senior notes due 2032
SEISolaris Energy Infrastructure, Inc.
Solaris Energy Infrastructure, Inc. issued $1.25 billion in aggregate principal amount of 7.000% Senior Notes due April 1, 2032, via a private placement on October 1, 2026. The notes were sold at par for net proceeds of approximately $1,227.2 million after deducting discounts and offering expenses. Interest is payable semi-annually in arrears on April 1 and October 1, commencing April 1, 2027. The company also amended its senior secured revolving credit facility to increase aggregate commitments by $200.0 million, raising the total from $650.0 million to $850.0 million, while increasing the letter of credit sublimit from $150.0 million to $325.0 million. Proceeds will fund general corporate purposes and growth capital expenditures. Solaris Energy Infrastructure operates in the energy infrastructure sector, owning and operating natural gas pipeline and storage assets.