---
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"
generated_at: "2026-05-18T19:52:14.424982+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Array Technologies prices upsized $300M convertible notes at 2.875% due 2031

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-146131
- JSON: https://secwatch.observer/filing/0001193125-25-146131.json
- Plain text: https://secwatch.observer/filing/0001193125-25-146131.txt

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