Solaris Energy Infrastructure, Inc. (NYSE: SEI) announced that its subsidiary, Solaris Energy Infrastructure, LLC, intends to offer $1.3 billion in senior notes due 2031, subject to market and other conditions.

The company plans to use net proceeds from the offering to repay outstanding borrowings, pay related fees and expenses, and fund general corporate purposes, including growth capital expenditures. The notes will be guaranteed by Solaris and all existing subsidiaries and future restricted subsidiaries that incur or guarantee certain indebtedness.

The notes will not be registered under the Securities Act of 1933 and are being offered only to qualified institutional buyers under Rule 144A and to non-U.S. persons outside the United States under Regulation S.

Based in Houston, Texas, Solaris provides mobile and scalable equipment-based solutions for distributed power generation and management of raw materials used in oil and natural gas well completion. The company serves multiple U.S. markets including energy, data centers, and other commercial and industrial sectors.