Atlas Energy Solutions announced a $300 million convertible senior notes offering, with an optional $45 million add‑on within 13 days.
$66 million will repay Stonebriar lease advances (including $5 million termination fee) and $75 million will settle the 2023 ABL facility.
Remaining funds will support capped‑call transactions, general corporate purposes and purchase power‑generation equipment under a Global Framework Agreement with Caterpillar.
Shares dropped 5.6% after the announcement; notes carry a 0.5‑1% coupon, mature April 15 2031, redeemable after April 20 2029 if price ≥130% conversion.