Atlas Energy Solutions entered into an agreement with Stonebriar Commercial Finance to refinance its existing term loan facility with a new $540 million single advance term loan. Proceeds from the term loan will be used to repay the existing facility from Stonebriar and for general corporate purposes.
The term loan matures in seven years with a final maturity date of March 1, 2032, will bear an interest rate of 9.51% and features mandatory amortization at a rate of 4.00% per annum until March 1, 2029, after which there is no mandatory amortization.
