Bloom Energy Announces Private Offering Of $250M Green Convertible Senior Notes Due 2029 To Qualified Institutional Buyers; Grants Initial Purchasers Option To Buy Additional $37.5M In Notes
Portfolio Pulse from Benzinga Newsdesk
Bloom Energy has announced a private offering of $250 million in green convertible senior notes due 2029 to qualified institutional buyers. Additionally, the company has granted initial purchasers an option to buy an extra $37.5 million in notes.
May 22, 2024 | 8:36 pm
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Bloom Energy is issuing $250 million in green convertible senior notes due 2029, with an option for an additional $37.5 million. This move aims to raise capital for the company's green initiatives.
The issuance of green convertible senior notes will provide Bloom Energy with significant capital to fund its green initiatives. This is likely to be viewed positively by investors, potentially driving the stock price up in the short term.
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