Solaris Midstream Holdings, LLC Prices Offering of Sustainability-Linked Bonds

Solaris Midstream Holdings, LLC, parent company to Solaris Water Midstream, LLC (collectively, “Solaris Water”), today announced the pricing of $400 million aggregate principal amount of senior unsecured notes (the “Notes”). The Notes, which priced at par, will mature in 2026 and will pay an annual interest rate of 7.625%. Solaris Water intends to use the net proceeds from the offering to repay all borrowings under its revolving credit facility, to redeem all outstanding preferred equity, and for general corporate purposes.

The Notes provide for a sustainability performance target relating to Solaris Water’s large-scale produced water recycling consistent with its sustainability-linked bond framework. The Notes adhere to the voluntary Sustainability-Linked Bond Principles issued by the International Capital Market Association.

Solaris Water also announced it intends to amend its revolving credit facility at the closing of the Notes offering to extend the maturity by approximately three years and provide Solaris Water with greater financial flexibility.

The Notes offering is expected to close on April 1, 2021.

Forward-Looking Statements

This press release may include “forward-looking statements.” All statements, other than statements of historical fact, included in this press release that address activities, events or developments that Solaris Water expects, believes or anticipates will or may occur in the future are forward-looking statements, including statements relating to the closing of the transaction, the use of proceeds, and the benefits of the transaction. These statements are based on certain assumptions made by Solaris Water based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement. Solaris Water undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after the issuance of this press release, except as required by law.

This press release is not an offer to sell or purchase, or a solicitation of an offer to sell or purchase, the notes, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which, or to any person to whom such an offer, solicitation or sale would be unlawful. The notes are only being offered to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Notes have not been registered under the Securities Act or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.