debt
confidence high
sentiment neutral
materiality 0.70
Solaris Energy Infrastructure to offer $1.3B Senior Notes due 2031; updates contracts and growth
Solaris Energy Infrastructure, Inc.
- $1.3B of Senior Notes due 2031 to be offered privately; proceeds used to repay borrowings and fund growth capex.
- Entered three long-term fixed-fee contracts totaling >2,200 MW with investment-grade technology customers; cancellable at 50% of remaining undiscounted revenue.
- Power Solutions segment contributed 76% of Q1 2026 segment Adjusted EBITDA; expected >90% by end 2029.
- Fleet expected to reach ~3,100 MW by 2029; potential illustrative run-rate Adjusted EBITDA of $875-925M.
- New $650M revolving credit facility expected concurrent with note issuance; net leverage target ~3.0x.