{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-114978","form_type":"8-K","ticker":"PLUG","cik":"0001093691","company_name":"PLUG POWER INC","filed_at":"2025-11-21T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.775251+00:00","generated_at":"2026-05-16T17:32:17.651304+00:00","sec_items":["1.01","1.02","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Plug Power closes $431.25M 6.75% convertible senior notes offering; repays $245.7M of secured debentures","bullets":["Aggregate principal $431.25M (upsized from $375M via full greenshoe); net proceeds $399.4M after discounts and expenses.","Used $245.7M to fully repay 15.00% secured debentures plus related termination fee, and $153.9M to repurchase $138.0M of 7.00% convertible notes due 2026.","Notes convertible at $3.00/share (40% premium over Nov 18 close of $2.14); initial conversion rate 333.3333 shares per $1,000 principal.","Offering price 95% of principal; interest 6.75% payable semi-annually; notes mature Dec 2033, redeemable after Dec 6, 2028 under certain conditions.","Holders can require repurchase on Dec 6, 2029 or upon a fundamental change; remaining net proceeds for working capital and general corporate purposes."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-114978","json":"https://secwatch.observer/filing/0001104659-25-114978.json","markdown":"https://secwatch.observer/filing/0001104659-25-114978.md","text":"https://secwatch.observer/filing/0001104659-25-114978.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1093691/000110465925114978/0001104659-25-114978-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1093691/000110465925114978/tm2531936d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T17:32:17.651304+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"dd9dfc0fa69aedd6ecd0120b5e893d338b4cbf3e","claim":"PLUG POWER INC incurred convertible notes of $431.25 million aggregate principal amount with U.S. Bank Trust Company, National Association at 6.75% maturing December 1, 2033.","evidence_excerpt":"completed its previously announced private offering (the “offering”) of $431.25 million aggregate principal amount of 6.75% Convertible Senior Notes due 2033","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1093691/000110465925114978/0001104659-25-114978-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$431.25 million aggregate principal amount"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"6.75%"},{"label":"Maturity","value":"December 1, 2033"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}