Loan & DebtMay 5, 2026, 09:16 AM
Solaris Energy Infrastructure to Offer $1.3B Senior Notes
AI Summary
Solaris Energy Infrastructure, Inc. announced its subsidiary intends to offer $1.3 billion in Senior Notes due 2031 via a private placement. The proceeds will be used to repay existing borrowings, cover fees, and fund growth capital expenditures. Concurrently, the company expects to enter into a new $650 million revolving credit facility. This financing supports Solaris' strategic transformation into a leading provider of behind-the-meter power solutions for data centers and industrial markets.
Key Highlights
- Solaris subsidiary to offer $1.3 billion aggregate principal amount of Senior Notes due 2031.
- Proceeds will repay outstanding borrowings, cover fees, and fund growth capital expenditures.
- Company expects to enter a new $650 million revolving credit facility concurrently with the notes issuance.
- Power Solutions segment generated 76% of total segment Adjusted EBITDA in Q1 2026.
- Expected power generation fleet to reach approximately 3,100 MW by end of 2029.
- Secured over 2,000 MW of long-term contracted capacity across multiple technology customers.
- Pro forma leverage of 3.9x net debt to annualized Q1 2026 Adjusted EBITDA, targeting 3.0x.