debt
confidence high
sentiment neutral
materiality 0.90
Solaris Energy Infrastructure prices $1.25B 7.000% senior notes due 2032 and expands revolver to $850M
Solaris Energy Infrastructure, Inc.
- Issuer Solaris Energy Infrastructure, LLC issued $1.25 billion of 7.000% senior notes due 2032 at par; net proceeds about $1,227.2 million.
- Notes mature April 1, 2032; interest payable semi-annually each April 1 and October 1, starting April 1, 2027.
- First Amendment increased revolving commitments by $200 million to $850 million and letter-of-credit sublimit from $150 million to $325 million.
- Notes are guaranteed by Solaris Energy Infrastructure, Inc. and subsidiary guarantors; optional redemption at 107.000% before April 1, 2029 with equity proceeds.
- Sumitomo Mitsui Banking Corporation joins as New Lender; MUFG Bank, Ltd. remains administrative agent.