secwatch.observer — SEC 8-K summary
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Issuer:     Solaris Energy Infrastructure, Inc. (SEI)
CIK:        0001697500
Form:       8-K
Filed at:   2025-05-29T23:59:59+00:00
Accession:  0001193125-25-130762
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1697500/000119312525130762/0001193125-25-130762-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1697500/000119312525130762/d87632d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-130762

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