Solaris Shares Fall on $650 Million Debt Offering

Dow Jones
Oct 07
 

By Nicholas G. Miller

 

Shares of Solaris Energy Infrastructure fell after the company said it would offer $650 million of 0.25% convertible senior notes due 2031, up from the $600 million in notes it previously said it would offer.

The stock fell 4.3% to $44.73 after closing Monday up 62% so far this year.

Solaris said it would also offer the underwriters of the notes the option to buy an additional $97.5 million in notes within 13 days.

The company expected net proceeds of $634.4 million, or $729.7 million if the underwriters exercise their purchase option.

The offering is expected to settle Wednesday.

 

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

 

(END) Dow Jones Newswires

October 07, 2025 07:11 ET (11:11 GMT)

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