Bloom Energy Corporation announced on May 8, 2025, that it entered into privately negotiated exchange agreements with holders of its 2.50% green convertible senior notes due 2025. This transaction aims to refinance existing debt.
Pursuant to these agreements, Bloom Energy will exchange approximately $112.8 million in aggregate principal amount of the 2025 Convertible Notes. These will be exchanged for approximately $115.7 million in aggregate principal amount of 3.00% green convertible senior notes due 2029.
This exchange extends the maturity profile of a portion of the company's debt, enhancing its financial flexibility. It demonstrates proactive capital management and investor confidence in Bloom's longer-term outlook.
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