Bloom Energy issues $2.5B 0% convertible notes due 2030; exchanges ~$975M of existing notes for cash and stock

Bloom Energy Corp

Notes priced at 0% coupon, due Nov 15, 2030; initial conversion price ~$194.97 (52.5% premium over Oct 30 close of $127.85).
Net proceeds ~$2.16B ($2.45B if initial purchasers' option exercised in full).
Exchange transactions: ~$532.8M of 2028 notes for $539.6M cash + 24.3M shares; $443.1M of 2029 notes for $448.7M cash + 18.1M shares.
~$988.4M of net proceeds used for cash consideration in exchanges; remainder for R&D, sales, mfg expansion, capex.
Notes are senior unsecured; redeemable by company after Nov 20, 2028 if stock exceeds 130% of conversion price.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Bloom Energy Corp incurred convertible notes of $2,500,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association at 0% maturing November 15, 2030.

Instrument: convertible notes
Principal: $2,500,000,000 aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 0%
Maturity: November 15, 2030
Event: incurrence

Exact text from the filing

On November 4, 2025, Bloom Energy Corporation (the “Company”) issued $2,500,000,000 aggregate principal amount of its 0% Convertible Senior Notes due 2030 (the “Notes”).

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308 debt financings filed in the last 30 days. Browse all debt financings →

Bloom Energy Corp filing history →

Source: SEC EDGAR

accession 0001628280-25-049016

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