Solaris Energy Infrastructure Announces Completion of $2 Billion Financing and Expansion of Existing Power Contract
Solaris Energy Infrastructure closed approximately $2 billion in growth financing, including a $1.3 billion inaugural bond offering at 6.375% and a new $650 million credit facility, resulting in about $800 million of net proceeds to the balance sheet. The company also amended an existing power contract to add 130 MW, increasing the total contracted project investment by over 60% and extending the scope of work.
Key figures
- Deal Value Usd
- 2000000000
- Bond amount
- $1.3 billion
- Net proceeds
- $800 million
- Interest rate
- 6.375%
- Credit facility
- $650 million
- Total capacity gw
- 3.1
- Contract upsize mw
- 130
- Contracted investment increase
- >60%
AI analysis
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