Recent Updates — SEI

A subsidiary of Solaris Energy Infrastructure, Inc. entered into an agreement on October 29, 2026, to deliver approximately 900 megawatts of power generation, associated balance of plant equipment, and operations and maintenance services to a leading investment-grade industrial and technology company. The contract carries an initial term of 15 years per deployment with an option to extend for another 15 years. Deployments are expected to commence in the first half of 2027 and scale through 2028. Solaris Energy Infrastructure, Inc. operates in the energy infrastructure sector, providing power generation solutions.

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.

Solaris Energy Infrastructure announced the pricing of an upsized private placement of $1.25 billion in aggregate principal amount of 7.000% Senior Notes due April 1, 2032, increasing from the original offering size of $1.0 billion. The notes will be issued at par with net proceeds of approximately $1,227.2 million after deducting discounts and expenses. Closing is expected on October 1, 2026, subject to customary conditions. The company intends to use the proceeds for general corporate purposes, growth capital expenditures, and offering-related fees. Solaris Energy Infrastructure operates in the power infrastructure sector, providing generation, distribution, installation, commissioning, and maintenance services primarily for data centers and industrial clients.

Solaris Energy Infrastructure announced that its subsidiary intends to offer $1.0 billion in aggregate principal amount of Senior Notes due 2032 via a private placement under Rule 144A and Regulation S. The company plans to use the net proceeds for general corporate purposes, growth capital expenditures, and offering expenses. This financing supports Solaris's strategic transformation into a provider of behind-the-meter power infrastructure for data centers, following recent acquisitions including Omega Foundation Services, Global Energy Services Alliance, and Genco Power Solutions. These transactions have expanded its contracted capacity to over 3,300 MW by end-2029 and increased its workforce to more than 2,100 employees. Solaris operates in the power infrastructure sector, delivering generation, distribution, installation, and maintenance services primarily for data centers and industrial clients.

Solaris Energy Infrastructure acquired Omega Foundation Services for approximately $101 million in net cash consideration, funded by debt and lease assumptions, plus the issuance of roughly 3.6 million Class A common shares to the sole shareholder. The transaction closed simultaneously with the execution of the Merger Agreement on September 1, 2026. This acquisition adds specialized engineering, procurement, and construction capabilities to Solaris' power infrastructure offerings, targeting growth in data centers, LNG, industrial, and government sectors. Solaris Energy Infrastructure operates in the energy sector, providing comprehensive power infrastructure solutions including generation, distribution, installation, commissioning, and maintenance.

Solaris Energy Infrastructure reported second quarter 2026 revenue of approximately $219 million, a 12% sequential increase, with net income of $25 million ($0.26 diluted EPS) and adjusted EBITDA of $108 million, up 30%. The company raised third-quarter adjusted EBITDA guidance to $90-105 million and established fourth-quarter guidance at $100-120 million. Strategic developments included expanding three long-term contracts adding over $100 million in expected annual adjusted EBITDA, acquiring Global Energy Services Alliance (GESA), and investing in small modular reactor technology company Deployable Energy. Solaris also completed a $1.3 billion senior unsecured notes offering and secured a new $650 million credit facility, ending the quarter with approximately $1.4 billion in available liquidity. The board approved a third quarter 2026 dividend of $0.12 per share, payable September 25, 2026 to holders of record as of September 15, 2026. Solaris Energy Infrastructure delivers comprehensive power infrastructure solutions including generation, distribution, and operations and maintenance services primarily to data centers and industrial sectors.