debt
confidence high
sentiment neutral
materiality 0.65
Solaris Energy issues $155M of 4.75% convertible senior notes due 2030
Solaris Energy Infrastructure, Inc.
- $135M base plus $20M full exercise of over-allotment; total $155M principal.
- Notes bear 4.75% interest, mature May 1, 2030; semi-annual payments start Nov 1, 2025.
- Initial conversion price ~$26.39 per share (37.8896 shares per $1,000).
- Concurrent delta offering: 1,193,521 shares of Class A common stock borrowed for hedging.
- Morgan Stanley & Co. acted as representative underwriter for both offerings.