- 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.
UPS Raises Quarterly Dividend To $1.62 From $1.52; Payable March 10, 2023, Record Date February 21, 2023
For the 14th consecutive year, the UPS Board of Directors has approved an increase to the company's quarterly dividend. UPS will pay a first-quarter 2023 dividend of $1.62 per share on all outstanding Class A and
