Solaris COO Kelly Price to retire Dec 31, 2024; company secures $75M revolving credit facility

Solaris Energy Infrastructure, Inc.

COO Kelly Price retiring effective Dec 31, 2024; will serve as advisor through 2025.
Search for successor to begin, considering internal and external candidates.
New $75M revolving credit facility with Bank of America, expandable to $125M, for working capital.
Borrowings at SOFR+1.50% or Base+0.50%; secured by accounts receivable, inventory.
Intercreditor agreement with Silver Point Finance establishes priority of security interests.

item 1.01 item 2.03 item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Kelly Price

Chief Operating Officer

SEI · Solaris Energy Infrastructure, Inc.

Effective: 2024-12-31
Filed: October 8, 2024, 7:59 PM ET

On October 3, 2024, the Company announced the retirement of Kelly Price, Chief Operating Officer, effective December 31, 2024

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Kelly Price retired as Chief Operating Officer at Solaris Energy Infrastructure, Inc..

Action: retired
Role: Chief Operating Officer

Exact text from the filing

On October 3, 2024, the Company announced the retirement of Kelly Price, Chief Operating Officer, effective December 31, 2024

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Solaris Energy Infrastructure, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-233911

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