secwatch.observer — SEC 8-K summary
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Issuer:     Bloom Energy Corp (BE)
CIK:        0001664703
Form:       8-K
Filed at:   2024-05-29T23:59:59+00:00
Accession:  0001628280-24-025635
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bloom Energy closes $402.5M 3% green convertible notes due 2029; refinances $115M of 2025 notes
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- Issued $402.5M aggregate principal amount of 3.00% Green Convertible Senior Notes due 2029, including full exercise of $52.5M option.
- Initial conversion price of ~$20.84 per share, a 32.5% premium over $15.73 closing price on May 23.
- Used ~$141.8M of net proceeds to repurchase $115.0M of outstanding 2.50% convertible notes due 2025.
- Net proceeds estimated at ~$389.7M after discounts and expenses; remainder for corporate purposes and green projects.
- Notes are senior unsecured, mature June 1, 2029; interest payable semi-annually at 3.00%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1664703/000162828024025635/0001628280-24-025635-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1664703/000162828024025635/be-20240523.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-025635

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