---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-146110"
form_type: "8-K"
ticker: "BE"
cik: "0001664703"
company_name: "Bloom Energy Corp"
filed_at: "2023-05-16T23:59:59+00:00"
generated_at: "2026-06-14T23:47:17.022188+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bloom Energy issues $632.5M of 3.00% green convertible senior notes due 2028

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-146110
- form_type: 8-K
- ticker: BE
- cik: 0001664703
- company_name: Bloom Energy Corp
- filed_at: 2023-05-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1664703/000119312523146110/0001193125-23-146110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1664703/000119312523146110/d455741d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-146110
- JSON: https://secwatch.observer/filing/0001193125-23-146110.json
- Plain text: https://secwatch.observer/filing/0001193125-23-146110.txt

## Key facts
- Debt Financings
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1664703/000119312523146110/0001193125-23-146110-index.htm
- Material Agreements
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1664703/000119312523146110/0001193125-23-146110-index.htm

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