- Bloom Energy Corp (NYSE:BE) plans an offering of $500 million of green convertible senior notes due 2028 in a private offering.
- Bloom Energy also expects to grant the initial purchasers of the notes an option to purchase an additional $75 million principal amount of notes.
- The notes will be senior, unsecured obligations of Bloom Energy, will accrue interest payable semi-annually in arrears and will mature on June 1, 2028.
- The company intends to use a portion of the net proceeds from the offering of the notes to fund the cost of entering into the capped call transactions.
- It will also use a portion of the net proceeds to redeem the $57.6 million of its 10.25% Senior Secured Notes due 2027 and for general corporate purposes.
- Bloom Energy reported mixed first-quarter results yesterday, with bottom-line miss and revenue exceeding expectations.
- Price Action: BE shares are trading lower by 14% at $12.99 on the last check Thursday.
Cannabis Brands Leading Market Expansion In East & Midwest: A Look At Prices And Trends
In a recent sector analysis by Pablo Zuanic of Zuanic & Associates, key trends across four Eastern states are dissected to understand the brand landscape of the cannabis market.
