Stateline Power (Solaris JV) secures up to $550M loan from Stonebriar for capex

Solaris Energy Infrastructure, Inc.

Loan max $550M or 80% of equipment cost, used for capital expenditures.
Two-phase structure: interim floating-rate advances convert to fixed-rate term notes.
Covenants: FCCR >=1.35x and Leverage Ratio <=3.50x, tested from March 2027.
Loan secured by Stateline's assets and 100% of its equity pledge.
Remaining capital needs expected to be funded by member cash equity.

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