Atlas Energy Solutions Refinances Existing Term Loan with $540.0 Million Single Advance from Stonebriar Commercial Finance
Austin, Texas – Atlas Energy Solutions Inc. (AESI), a leading energy infrastructure company, is pleased to announce the refinancing of its existing term loan facility. The new loan, worth $540.0 million, was secured from Stonebriar Commercial Finance, LLC (Stonebriar).
Terms and Conditions of the New Loan
The proceeds from the new loan, referred to as the “Term Loan,” will be utilized to repay the existing term loan facility from Stonebriar and for general corporate purposes. The Term Loan matures in seven years and bears a floating interest rate, which is based on the 3-month LIBOR plus a margin. The exact terms and conditions of the loan have not been disclosed.
Background on Atlas Energy Solutions
Atlas Energy Solutions is a prominent energy infrastructure company that specializes in the acquisition, development, ownership, and operation of midstream energy assets. The Company’s primary focus is on natural gas gathering, processing, and transportation systems. Atlas Energy Solutions operates in several key regions, including the Permian Basin, the Gulf Coast, and the Marcellus and Utica Shales.
Impact on Atlas Energy Solutions
The refinancing of the term loan is expected to provide Atlas Energy Solutions with several benefits. These include:
- Lowering the Company’s cost of borrowing, thereby improving its financial performance.
- Extending the maturity of its debt, which reduces the need for near-term refinancing and provides greater financial flexibility.
- Strengthening the Company’s balance sheet and improving its financial position.
Impact on the World
The energy sector, and specifically the midstream segment, is a critical component of the global economy. The refinancing of Atlas Energy Solutions’ term loan is likely to have the following impacts:
- Stability in the energy market: The successful refinancing of Atlas Energy Solutions’ debt demonstrates the continued confidence of financial institutions in the energy sector, which is essential for the stability of energy markets.
- Continued investment in energy infrastructure: The improved financial position of Atlas Energy Solutions will enable the Company to continue investing in the development, ownership, and operation of midstream energy assets, which is essential for the production and transportation of natural gas and other energy resources.
- Job creation and economic growth: The energy sector is a significant employer and contributor to economic growth. The continued investment in energy infrastructure will create jobs and contribute to economic growth, particularly in regions where Atlas Energy Solutions operates.
Conclusion
Atlas Energy Solutions’ successful refinancing of its term loan with Stonebriar Commercial Finance is a positive development for the energy sector and the economy as a whole. The extended maturity and lower cost of borrowing will provide the Company with greater financial flexibility and improve its financial position. Furthermore, the continued investment in energy infrastructure will contribute to energy market stability, job creation, and economic growth.
As a responsible and forward-thinking energy infrastructure company, Atlas Energy Solutions continues to prioritize the long-term sustainability of its business and the industry as a whole. The refinancing of its term loan is just one of the many ways in which Atlas Energy Solutions is leading the way in the energy sector.
