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”).

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

ChargePoint Holdings, Inc. issued subject to a cap of 19.99% of the Company’s outstanding shares of common stock to holders of the Senior Secured Loans for payment of interest in shares of common stock.

Security: common stock
Shares: subject to a cap of 19.99% of the Company’s outstanding shares
Purchaser: holders of the Senior Secured Loans
Consideration: payment of interest in shares of common stock

Exact text from the filing

the Borrower may elect to pay the interest in shares of common stock of the Company (“Interest Shares”), valued based on the 30-day VWAP preceding the applicable interest payment date.

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

ChargePoint Holdings, Inc. issued 1,671,000 shares of the Company's common stock of warrant to Exchanging Holders for no cash proceeds.

Security: warrant
Shares: 1,671,000 shares of the Company's common stock
Purchaser: Exchanging Holders
Consideration: no cash proceeds

Exact text from the filing

the Company issued Warrants to purchase an aggregate of 1,671,000 shares of the Company’s common stock (the “Warrant Shares”) to the Exchanging Holders.

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

ChargePoint Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001777393-25-000173

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