{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-146131","form_type":"8-K","ticker":"ARRY","cik":"0001820721","company_name":"Array Technologies, Inc.","filed_at":"2025-06-25T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.919175+00:00","generated_at":"2026-05-18T19:52:14.424982+00:00","sec_items":["8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Array Technologies prices upsized $300M convertible notes at 2.875% due 2031","bullets":["$300M aggregate principal (plus $45M greenshoe); 2.875% coupon, semiannual, due July 1, 2031.","Net proceeds ~$290.4M ($334.1M if greenshoe exercised). Use: $150M to repay term loan, ~$30.5M for capped calls.","~$100M of net proceeds to repurchase existing 1% convertible notes for ~$78.3M cash plus accrued interest.","Initial conversion rate 123.1262 shares per $1,000 (conversion price ~$8.12, 27.5% premium over June 24 close).","Offering expected to close June 27, 2025; capped calls entered to reduce dilution with cap price $12.74."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-146131","json":"https://secwatch.observer/filing/0001193125-25-146131.json","markdown":"https://secwatch.observer/filing/0001193125-25-146131.md","text":"https://secwatch.observer/filing/0001193125-25-146131.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820721/000119312525146131/0001193125-25-146131-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820721/000119312525146131/d48737d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T19:52:14.424982+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}