- Solaris Energy Infrastructure, Inc. (SEI, Financial) plans to offer $110 million in convertible senior notes due in 2030.
- A concurrent delta offering will be conducted by Morgan Stanley & Co. LLC and Santander US Capital Markets LLC.
- No new shares of Class A common stock will be issued; Solaris will not receive proceeds from the delta offering.
Solaris Energy Infrastructure, Inc. (SEI) has announced its intention to offer $110,000,000 in aggregate principal amount of convertible senior notes due 2030, subject to market conditions. The offering includes an option for underwriters to purchase an additional $15,000,000 in aggregate principal amount of notes.
Concurrently, a delta offering will be conducted by Morgan Stanley & Co. LLC and Santander US Capital Markets LLC. This offering involves Class A common stock borrowed from third parties to facilitate hedging transactions related to the convertible notes.
The number of shares for the delta offering will be set at pricing and align with hedging demands from investors. The convertible notes and delta offering are contingent on each other, as stated in Solaris's recent SEC filings. Interested parties should review the prospectus supplement and related documentation available on the SEC website or through the offering underwriters.
Headquartered in Houston, Texas, Solaris Energy Infrastructure, Inc. specializes in equipment solutions for power generation and raw material management in the oil and gas sector. For more information, potential investors can contact the company directly or visit their official website.
