Bloom Energy announces proposed $250M green convertible notes offering due 2029

Bloom Energy Corp

Offers $250M aggregate principal amount of green convertible senior notes due 2029; initial purchasers may buy additional $37.5M.
Notes are senior unsecured, mature June 1, 2029; interest rate, conversion rate set at pricing.
Net proceeds partly used to repurchase outstanding 2.50% green convertible notes due 2025 in concurrent private deals.
Remainder of proceeds for R&D, sales, marketing, capex meeting Eligibility Criteria for green projects.
Notes redeemable at issuer's option after June 2027 if stock exceeds 130% of conversion price.

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