Atlas Energy Solutions Inc. (NYSE: AESI) has entered into a $424 million senior secured bridge facility. The agreement was signed on October 22, 2026, and is provided by Goldman Sachs Bank USA and Barclays. The facility is a delayed draw term loan intended to finance the purchase of power generation and balance-of-plant equipment for two significant data center projects.
The facility is backed by two cost reimbursement agreements announced on September 25, 2026. Atlas expects to draw on the loan as equipment payments come due and has drawn $171 million at closing. The projects are expected to achieve first power in late 2027.
The loan has an initial maturity of 180 days. There is an option to extend the maturity by an additional 184 days upon the consummation of energy supply agreements for the respective projects, the consent of the lenders, and other conditions. Interest on the facility is set at a rate equal to the Adjusted Term SOFR Rate plus 2.50%, or the Alternate Base Rate plus 1.50%, with each margin increasing by 0.50% six months after the signing date.
Atlas has the ability to request incremental commitments of up to $286 million, subject to lender consent and other conditions. The loan is secured by substantially all of the assets of the Borrower and its subsidiaries, as well as the equity interests of the Borrower’s direct parent. The Company’s obligations under the agreement are guaranteed on an unsecured basis by Atlas Energy Solutions Inc.
