debt
confidence high
sentiment neutral
materiality 0.65
ChargePoint closes $300M convertible note offering to Antara Capital
ChargePoint Holdings, Inc.
- $300M aggregate principal of 3.50%/5.00% convertible senior PIK toggle notes due 2027.
- Initial conversion price $24.03 per share, a 30% premium to volume-weighted average price.
- Net proceeds from the sale to be used for general corporate purposes.
- Notes are senior unsecured, guaranteed by ChargePoint, Inc., with a $750M secured debt limit.
- Interest payable semi-annually; company may elect cash or PIK interest payments.