secwatch.observer — SEC 8-K summary
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Issuer:     Solaris Energy Infrastructure, Inc. (SEI)
CIK:        0001697500
Form:       8-K
Filed at:   2025-10-08T23:59:59+00:00
Accession:  0001193125-25-234638
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Solaris Energy issues $747.5M 0.25% convertible notes due 2031, enters capped calls
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- Issued $747.5M aggregate principal of 0.25% Convertible Senior Notes due 2031; initial conversion price ~$57.20 per share.
- Capped call transactions purchased for $65.6M to reduce dilution; cap price $88.00 per share (88.24% premium over last sale).
- Concurrent delta placement of 1.8M shares of class A common stock at par value $0.01 per share to facilitate hedging.
- Notes are senior unsecured, rank equally with existing senior debt, interest payable semi-annually starting April 1, 2026.
- Maturity October 1, 2031; redeemable at company's option after October 2, 2028 subject to stock price conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1697500/000119312525234638/0001193125-25-234638-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1697500/000119312525234638/d864723d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-234638

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