---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-060543"
form_type: "8-K"
ticker: "AEIS"
cik: "0000927003"
company_name: "ADVANCED ENERGY INDUSTRIES INC"
filed_at: "2026-05-14T10:02:14+00:00"
generated_at: "2026-05-14T10:17:25.942957+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Advanced Energy prices $1B 0% convertible notes due 2031 at 50% conversion premium

## Summary
- Notes are zero-coupon senior unsecured obligations maturing May 15, 2031; initial conversion price ~$508.78/share.
- Net proceeds ~$980.8M ($1.13B if greenshoe exercised); $60M for capped call hedges, ~$442.4M plus 1.98M shares to exchange ~$438.3M of 2.50% 2028 notes.
- Capped call transactions cap dilution at $678.38/share (100% premium over closing price of $339.19 on May 13, 2026).
- Remaining proceeds for general corporate purposes, including potential retirement of remaining 2028 convertible notes.
- Closing expected May 18, 2026; notes offered only to QIBs under Rule 144A.

## SEC filing metadata
- accession: 0001104659-26-060543
- form_type: 8-K
- ticker: AEIS
- cik: 0000927003
- company_name: ADVANCED ENERGY INDUSTRIES INC
- filed_at: 2026-05-14T10:02:14+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/927003/000110465926060543/0001104659-26-060543-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/927003/000110465926060543/aeis-20260513x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-060543
- JSON: https://secwatch.observer/filing/0001104659-26-060543.json
- Plain text: https://secwatch.observer/filing/0001104659-26-060543.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.