Short answer
Solaris Energy Infrastructure, Inc. (SEI) filed an 8-K current report with the SEC on May 12, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 1.02 (Termination of a Material Definitive Agreement), Item 2.03 (Creation of a Direct Financial Obligation). $1.3B 6.375% senior notes due May 15, 2031, generating approximately $1,276.1M net proceeds.
Solaris Energy Infrastructure, Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- $1.3B 6.375% senior notes due May 15, 2031, generating approximately $1,276.1M net proceeds
- Proceeds refinance borrowings and fund growth capital expenditures, extending debt funding through 2031
- $650M revolving facility, expandable by $200M, with 0.50% unused commitment fee and Term SOFR spreads of 2.50%-3.50%
- Revolver secured by substantially all assets, ranking effectively senior to unsecured debt and senior to convertible notes
- Financial covenants begin September 30, 2026: net leverage capped at 5.25:1.00, secured leverage at 3.50:1.00, interest coverage at 3.00:1.00
Item 1.02 · Termination of a Material Definitive Agreement
- $500.0M Senior Secured Term Loan terminated after Offering and Credit Agreement closing
- All outstanding obligations paid, with liens and security interests released
- No early termination penalties on the $500.0M facility
- Approximately $148.6M Stonebriar Term Loan also repaid and terminated
- Stonebriar repayment included approximately $5.9M in prepayment fees
Other items in this filing:
- Item 2.03: Creation of a Direct Financial Obligation
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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