---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-151274"
form_type: "8-K"
ticker: "ARRY"
cik: "0001820721"
company_name: "Array Technologies, Inc."
filed_at: "2025-06-27T23:59:59+00:00"
generated_at: "2026-05-18T16:25:36.194126+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Array closes upsized $345M 2.875% convertible note offering; repays term loan and repurchases 2028 notes

## Summary
- $345M aggregate principal of 2.875% convertible senior notes due 2031, upsized from $300M; net proceeds ~$334.1M.
- Proceeds: repay ~$232.8M term loan; repurchase ~$100M principal of 1.00% 2028 notes for ~$78.3M; fund ~$35.1M capped calls.
- Capped calls with strike $8.12/share, cap $12.74/share cover ~42.5M shares, reducing potential dilution.
- Expected annual net interest expense savings of ~$9M from refinancing.
- Conversion price ~$8.12, representing 27.5% premium to June 24 closing price.

## SEC filing metadata
- accession: 0001193125-25-151274
- form_type: 8-K
- ticker: ARRY
- cik: 0001820721
- company_name: Array Technologies, Inc.
- filed_at: 2025-06-27T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820721/000119312525151274/0001193125-25-151274-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820721/000119312525151274/d126552d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-151274
- JSON: https://secwatch.observer/filing/0001193125-25-151274.json
- Plain text: https://secwatch.observer/filing/0001193125-25-151274.txt

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