Bloom Energy Corp (BE): debt financing — Bloom Energy issues $632.5M of 3.00% green convertible senior notes due 2028

Bloom Energy Corp

Initial conversion price of $18.85/share, a ~42.5% premium over $13.23 closing price on May 11, 2023.
Net proceeds ~$615.9M; ~$47.4M used for capped call transactions to limit dilution.
Plans to redeem all $57.6M outstanding of 10.25% Senior Secured Notes due 2027.
Remainder for general corporate purposes including R&D and capital expenditures.
Capped call cap price set at $26.46/share, representing 100% premium over the reference price.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Bloom Energy Corp incurred convertible notes of $632,500,000 aggregate principal amount with initial purchasers at 3.00% per annum maturing June 1, 2028.

Instrument: convertible notes
Principal: $632,500,000 aggregate principal amount
Counterparty: initial purchasers
Rate: 3.00% per annum
Maturity: June 1, 2028
Event: incurrence

Exact text from the filing

On May 16, 2023, Bloom Energy Corporation (the “ Company ”) issued $632,500,000 aggregate principal amount of its 3.00% Green Convertible Senior Notes due 2028 (the “ Notes ”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Bloom Energy Corp entered into Indenture with U.S. Bank Trust Company, National Association valued at $632,500,000 aggregate principal amount (effective 2023-05-16).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $632,500,000 aggregate principal amount
Effective: 2023-05-16

Exact text from the filing

On May 16, 2023, Bloom Energy Corporation (the “ Company ”) issued $632,500,000 aggregate principal amount of its 3.00% Green Convertible Senior Notes due 2028 (the “ Notes ”). The Notes were issued pursuant to, and are governed by, an indenture (the “ Indenture ”), dated as of May 16, 2023, between the Company and U.S. Bank Trust Company, National Association, as trustee (the “ Trustee ”).

View on SEC.gov

10 debt financings filed in the last 30 days. Browse all debt financings →

Bloom Energy Corp filing history →

Source: SEC EDGAR

accession 0001193125-23-146110

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.