Atlas Energy Solutions announced a $300 million convertible senior notes offering, with an optional $45 million add‑on within 13 days.
Proceeds will repay $66 million to Stonebriar under lease agreements, $75 million to its 2023 ABL facility, and fund capped‑call transactions and equipment purchases.
The notes carry a 0.5%‑1% coupon, mature April 15 2031, and are redeemable after April 20 2029 if share price ≥130% conversion price.
Atlas shares fell 5.6% on Monday following the announcement.