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Atlas Energy Prices Upsized $390 Million Convertible Senior Notes Offering

BY MT Newswires | CORPORATE | 04/07/26 07:37 AM EDT

07:37 AM EDT, 04/07/2026 (MT Newswires) -- Atlas Energy Solutions (AESI) said Tuesday it priced a private offering of $390 million of 0.5% convertible senior unsecured notes due 2031, upsized from $300 million.

The company granted the initial purchasers a 13-day option to buy up to an additional $60 million of notes. The offering is expected to be settled on Thursday.

Net proceeds from the offering are expected to be about $377 million, or $435 million if the initial purchasers fully exercise their option to buy additional notes, the company said.

Atlas said it plans to use about $43 million of the net proceeds to fund the cost of entering certain capped call transactions, about $66 million to repay outstanding advances under agreements with Stonebriar Commercial Finance, about $75 million to repay outstanding borrowings under a 2023 credit facility, and the remainder used for general corporate purposes.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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