Solaris Energy Prices $1.3B Notes at 6.375% as AI Power Buildout Accelerates
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Key Takeaways
- Solaris is seeking $1.3 billion through a private placement of senior notes maturing in 2031.
- Proceeds are earmarked for debt repayment and funding capital expenditures for growth.
- The Power Solutions segment now represents 76% of the company's adjusted EBITDA as of Q1 2026.
- The company has secured over 2,100 MW in contracted capacity for AI-related data center projects.
- Solaris aims to reach a total power fleet capacity of 3,100 MW by the end of 2029.
Solaris Energy Infrastructure on Tuesday priced a $1.3 billion private debt offering as the Houston-based company accelerates its push into powering AI data centers and other large-scale energy projects.
The company said its subsidiary, Solaris Energy Infrastructure LLC, priced the senior unsecured notes due 2031 with a 6.375% coupon. The notes will mature on May 15, 2031 and are expected to close on May 12. The offering was upsized from an earlier announcement the same day that Solaris intended to raise $1.3 billion through the debt sale.
Solaris said proceeds from the offering will be used to repay existing borrowings, cover related fees and expenses, and support general corporate purposes, including growth capital expenditures.
The financing adds to a growing wave of debt issuance tied to the AI infrastructure buildout, as companies race to secure capital for power generation, data center infrastructure and related equipment amid surging electricity demand from artificial intelligence workloads.
