Solaris Midstream Holdings LLC
Description
Priced senior unsecured notes due 2026 at par. Notes provide for a sustainability performance target relating to affiliate Solaris Water Midstream LLC’s large-scale produced water recycling consistent with its sustainability-linked bond framework and adhere to the voluntary sustainability-linked bond principles issued by the International Capital Market Association. Proceeds will be used by Solaris Water to repay all borrowings under its revolving credit facility, to redeem all outstanding preferred equity, and for general corporate purposes. Solaris Water also intends to amend its revolving credit facility at the closing of the notes offering to extend the maturity. Latham & Watkins LLP advised initial purchasers.