07:25 AM EDT, 04/06/2026 (MT Newswires) -- Atlas Energy Solutions ( AESI ) said Monday it plans to launch a $300 million private offering of convertible senior notes due 2031.

Atlas said it expects to grant the initial purchasers of the notes an option to buy up to an additional $45 million of notes for settlement within 13 calendar days from the issuance date.

The company intends to use a portion of the net proceeds to fund the cost of entering into certain capped call transactions, with around $66 million to be used to repay outstanding advances under its master lease agreement and interim funding agreement with Stonebriar Commercial Finance, and approximately $75 million to repay outstanding borrowings under its 2023 ABL credit facility.

The remainder of the net proceeds will be used for general corporate purposes, including to purchase a portion of the power generation equipment under its global framework agreement with Caterpillar ( CAT ) , Atlas said.

Atlas shares were 4.1% lower in premarket trading.