Atlas Energy Solutions closes $424 million bridge facility for data centers

Atlas Energy Solutions Inc. (NYSE: AESI) has closed a $424 million committed senior secured bridge facility provided by Goldman Sachs and Barclays. The loan is a delayed draw term loan designed to fund the purchase of power generation and balance-of-plant equipment for two data center projects, with first power for both expected in late 2027.

The facility is backed by two cost reimbursement agreements announced on September 25, 2026. Atlas has drawn $171 million at closing and expects to draw the remaining balance as equipment payments come due. The loan runs for 180 days initially, but Atlas can extend the term by another 184 days if it finalizes energy supply agreements and obtains lender consent.

Interest on the facility is set at the Adjusted Term SOFR Rate or Adjusted Daily Simple SOFR plus 2.50%. This rate increases by 0.50% six months after the signing date. Atlas also holds the ability to request incremental commitments of up to $286 million, subject to lender consent and other conditions.

John Turner, President and Chief Executive Officer of Atlas, stated that the customer’s willingness to backstop the equipment purchase and the related bridge facility shows their conviction in pursuing these projects. Turner noted that the facility allows the company to de-risk the supply chain by ordering long lead-time items well in advance of commissioning. He added that most project spending occurs after final agreements are signed and construction begins, which will be funded with long-term financing backed by each project’s contracted cash flows.

Atlas Energy Solutions operates as an energy solutions provider for companies requiring power where grid utilities are unavailable. The company also serves oil and gas producers by helping them overcome operational and technical challenges to maximize oilfield completions and operations.