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Solaris Energy Infrastructure Unit Plans $1.3 Billion Senior Notes Offering

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-- Solaris Energy Infrastructure (SEI) said Tuesday its unit intends to offer $1.3 billion of senior notes due 2031.

The net proceeds will be used to repay outstanding borrowings, cover related fees, and fund general corporate purposes, including growth capital expenditures, Solaris Energy Infrastructure said.

The notes are being offered exclusively to qualified institutional buyers, the company added.

Shares of the company were up about 3.1% in Tuesday trading.

Price: $76.47, Change: $+1.99, Percent Change: +2.67%

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