ChargePoint Holdings, Inc. (CHPT): debt financing — ChargePoint exchanges $328.6M of 2028 convertible notes for $186.5M credit facility, cash and warrants

ChargePoint Holdings, Inc.

Exchanged $328.6M in principal of 7.00%/8.50% Convertible Senior PIK Toggle Notes due 2028 for $186.5M term loan, $25M cash, and warrants for 1.67M shares at $25.00 per share.
Entered into $186.5M senior secured term loan credit facility maturing January 31, 2030, with 12% interest and $30M short-term prepayment requirement.
Issued warrants exercisable immediately, expiring in 5 years, with cash or cashless exercise and beneficial ownership cap of 9.99%.
Executed registration rights agreement to register resale of warrant shares and any interest shares with SEC within 30 days.
Terminated prior $150M revolving credit agreement with JPMorgan Chase as lender on November 14, 2025.

item 1.01 item 1.02 item 2.03 item 3.02 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

ChargePoint Holdings, Inc. incurred term loan of $186.5 million with Exchanging Holders at a fixed rate of 12.00% per annum maturing January 31, 2030.

Instrument: term loan
Principal: $186.5 million
Counterparty: Exchanging Holders
Rate: a fixed rate of 12.00% per annum
Maturity: January 31, 2030
Event: incurrence

Exact text from the filing

the Company entered into a Credit and Security Agreement (the “Credit Agreement”) by and among the Company, as parent, ChargePoint, Inc., a Delaware corporation, as borrower (the “Borrower”), certain subsidiaries of the Company, as subsidiary guarantors (the “Subsidiary Guarantors”), the Exchanging Holders, and Alter Domus (US) LLC, as administrative and collateral agent (the “Agent”), providing for a senior secured term loan credit facility in an aggregate principal amount of $186.5 million (the “Term Facility”).

View on SEC.gov

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

ChargePoint Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001777393-25-000173

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.