Bloom Energy BEFinancing
Bloom Energy exchanges $112.8 million of 2025 convertible notes for 2029 notes
Filed May 13, 2025Original
An 8-K is the report a US listed company files within four business days of a material event.
What the company reported
- On May 7, 2025, it agreed to exchange about $112.8 million of 2.50% convertible notes due 2025 for about $115.7 million of 3.00% notes due 2029.
- After the exchange, about $2.2 million of the 2025 notes and about $518.2 million of the 2029 notes remain outstanding.
- The 2029 notes pay 3.00% interest, mature on June 1, 2029, and have an initial conversion price of about $20.84 per share.
- The company receives no cash proceeds from the exchange.
Items reported
- 1.01 Material agreement
- 2.03 New debt
- 3.02 Unregistered share sale
- 8.01 Other events
- 9.01 Exhibits
The company's own filing, put into Korean. The numbers are the filing's.