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Silver Point Leads Financing for Acquisition of Mobile Energy Rentals by Solaris Energy Infrastructure
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Greenwich, CT, September 17, 2024 – Silver Point Finance, the direct lending business of Silver Point Capital, L.P., today announced that it led the financing supporting the previously announced acquisition by Solaris Energy Infrastructure, Inc. (NYSE: SEI) (“Solaris” or the “Company”) of Mobile Energy Rentals LLC, a provider of distributed power solutions serving the energy and commercial & industrial (“C&I”) end-markets.
In connection with the acquisition, Solaris has raised a $325 million secured term loan to fund the transaction’s cash consideration as well as the purchase of additional turbines on order to scale MER’s distributed power fleet. Silver Point is serving as Documentation Agent and Collateral Agent on the loan and is the largest lender.
“The Silver Point Finance team is pleased to partner with Solaris to structure and deliver this customized financing solution in support of its acquisition of Mobile Energy Rentals,” said Anthony DiNello, Head of Silver Point Finance. “We congratulate the companies on the successful close of the transaction, which will expand Solaris’ differentiated solutions and provide access to new end-market opportunities.”
About Solaris Energy Infrastructure, Inc.
Solaris Energy Infrastructure, Inc. (NYSE:SEI) (f/k/a Solaris Oilfield Infrastructure, Inc. (NYSE:SOI)) provides mobile and scalable equipment-based solutions for use in distributed power generation as well as the management of raw materials used in the completion of oil and natural gas wells. Headquartered in Houston, Texas, Solaris serves multiple U.S. end markets, including energy, data centers, and other commercial and industrial sectors. For more details, visit solaris-energy.com.
About Silver Point Finance
For over 20 years, Silver Point Finance ("SPF") has been an active participant in the direct lending market, providing customized financing solutions to middle-market companies across a broad range of industries. SPF's transactions support acquisitions, refinancings, bridge loans, growth capital, balance sheet restructurings and leveraged recapitalizations. Along with its affiliates, SPF manages approximately $13 billion in investable capital. SPF is the direct lending business of Silver Point Capital, L.P., a leader in global credit investing that oversees the management of approximately $31 billion in investable capital. For more information, please visit silverpointfinance.com.
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