Atlas Energy Solutions Announces $424 Million Senior Secured Bridge Facility Provided by Goldman Sachs and Barclays
Key Highlights
- ➤$424 million bridge facility closed for two data center projects
- ➤$171 million drawn at closing to fund equipment purchases
- ➤First power for both data center projects expected in late 2027
- ➤Loan carries SOFR plus 2.50%, stepping up 0.50% after six months
- ➤Atlas can request up to $286 million in incremental commitments
Expert Statements
John Turner, President and Chief Executive Officer of Atlas Energy Solutions
“Our customer’s conviction in pursuing these projects is exemplified by their willingness to backstop the purchase of this equipment and the related bridge facility.”
John Turner, President and Chief Executive Officer of Atlas Energy Solutions
“This facility enables us to de-risk the supply chain by ordering long lead-time items well in advance of commissioning while we work towards final agreements with our customer and the other related counterparties.”
John Turner, President and Chief Executive Officer of Atlas Energy Solutions
“Most of the project spending comes after those are signed and construction has begun, and we’ll fund it with long-term financing backed by each project’s contracted cash flows.”
Atlas Energy Solutions Announces $424 Million Senior Secured Bridge Facility Provided by Goldman Sachs and Barclays
Atlas Energy Solutions Inc. (NYSE: AESI) (“Atlas” or “the Company”) today announced it has closed a $424 million committed senior secured bridge facility provided by Goldman Sachs and Barclays. Backed by the two cost reimbursement agreements (“CRAs”) announced previously on September 25, 2026, the facility will fund the purchase of power generation and balance-of-plant equipment for two significant data center projects with first power for both expected in late 2027.
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