debt
confidence high
sentiment neutral
materiality 0.60
Bloom Energy exchanges $112.8M of 2.50% 2025 notes for $115.7M of 3.00% 2029 notes
Bloom Energy Corp
- Exchanged $112.8M of existing 2.50% 2025 convertibles for $115.7M of new 3.00% 2029 convertibles.
- Post-exchange: ~$2.2M of 2025 notes remain outstanding; $518.2M of 2029 notes outstanding.
- New notes mature June 1, 2029; initial conversion price ~$20.84/shr (47.9795 shares per $1,000).
- Bloom receives no cash proceeds; notes issued in private placement under Section 4(a)(2).
- J. Wood Capital Advisors acted as financial advisor.