Array Technologies proposes $250M convertible senior notes due 2031, also details APA Acquisition risks

Array Technologies, Inc.

Offering $250M aggregate principal of convertible senior notes due 2031; initial purchasers option for additional $37.5M.
Net proceeds to repay $150M of term loan facility, fund capped call costs, and for general corporate purposes.
May repurchase outstanding 1.00% convertible notes due 2028 from holders using portion of net proceeds.
Capped call transactions with option counterparties expected to reduce dilution upon conversion of the Notes.
Filing supplements risk factors for pending APA Acquisition (acquiring APA Solar) under equity purchase agreement signed June 17, 2025.

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