secwatch.observer — SEC 8-K summary
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Issuer:     Solaris Energy Infrastructure, Inc. (SEI)
CIK:        0001697500
Form:       8-K
Filed at:   2024-08-05T23:59:59+00:00
Accession:  0001104659-24-085856
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Solaris loans MER $29.75M for power generation equipment ahead of acquisition close
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- Loan of $29,750,000 to Mobile Energy Rentals LLC (MER) to fund progress payments for power generation equipment.
- Secured demand note bears 10% interest; maturity Dec 6, 2024, unless called earlier.
- Loan is fully secured by substantially all of MER's assets; will be cancelled and netted at closing of MER acquisition.
- Acquisition of MER (previously announced) includes $60M cash and $140M in SOI LLC units at $8.50 per share.
- If acquisition closes, the loan principal and interest will be netted against amounts due for the progress payments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1697500/000110465924085856/0001104659-24-085856-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1697500/000110465924085856/tm2420824d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-085856

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