Solaris Upsizes Senior Notes Offering to $1.25B at 7.000%
SEI sits 87% above its 52-week low of $35.395.
Summary
Solaris Energy Infrastructure priced its upsized senior notes offering at $1.25 billion, up from the originally announced $1.0 billion. The notes carry a 7.000% coupon and mature April 1, 2032, with closing expected October 1, 2026. The increase in size signals strong institutional demand for the debt, though the coupon is in line with current high-yield market rates. Proceeds are earmarked for general corporate purposes and growth capex, supporting the company's recent acquisition spree. This follows the earlier announcement this morning and the $200 million expansion disclosed in the 8-K.
At the time of this announcement, SEI was trading at $66.10 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $5.3B. The 52-week trading range was $35.40 to $86.19. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: BusinessWire.