Loan & DebtOct 22, 2026, 08:16 AM
Atlas Energy Solutions Secures $424 Million Bridge Facility
AI Summary
Atlas Energy Solutions Inc. announced its subsidiary, Atlas Energy Solutions ProjectCo, LLC, has entered into a $424 million senior secured bridge credit facility with Goldman Sachs Bank USA and Barclays. The facility will fund the purchase of equipment for two power generation projects and reimburse affiliates for prior costs. The loan has an initial 180-day maturity with an extension option and bears interest based on SOFR or Alternate Base Rate. The company has guaranteed the obligations, and collateral includes substantially all assets of the borrower and its subsidiaries. An initial draw of $171 million was made at closing.
Key Highlights
- Atlas Energy Solutions Inc. subsidiary entered into a $424 million senior secured bridge credit facility with Goldman Sachs and Barclays.
- Proceeds will finance equipment purchases for two power generation projects and reimburse affiliates for prior funding.
- The facility has an initial maturity of 180 days, with an option to extend by 184 days.
- Interest rates are based on Adjusted Term SOFR Rate plus 2.50% or Alternate Base Rate plus 1.50%, with potential increases.
- Borrower and subsidiaries pledged substantially all assets as collateral; parent pledged equity interests.
- The Company guaranteed the obligations on an unsecured basis.
- An initial draw of $171 million was made at closing.
Price Impact
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