Bloom Energy (BE) said Friday it priced a $2.2 billion private placement of 0% convertible senior notes due Nov. 15, 2030, upsized from a previously planned $1.75 billion.

Initial purchasers have a 13-day option to buy up to an additional $300 million of the notes.

The company expects the offering to close Tuesday and plans to use part of the estimated net proceeds of $2.16 billion to fund certain exchange transactions, among other things.

Bloom Energy said it is looking to exchange about $532.8 million of 3% green convertible senior notes due 2028 and $443.1 million of 3% green convertible senior notes due 2029 for a combination of cash and class A shares.