Bloom Energy Launches $2 Billion Convertible Senior Notes Offering

Reuters
11/05
Bloom Energy Launches $2 Billion Convertible Senior Notes Offering

Bloom Energy Corporation $(BE)$ has announced its intention to offer $1.75 billion aggregate principal amount of 0% convertible senior notes due 2030 in a private offering to qualified institutional buyers under Rule 144A. The company may also grant initial purchasers an option to buy up to an additional $250 million principal amount of notes within 13 days of issuance. The notes will not bear regular interest and will mature on November 15, 2030, unless earlier repurchased, redeemed, or converted. They are senior, unsecured obligations and can be settled in cash, shares of Bloom Energy's Class A common stock, or a combination of both at the company's discretion. The notes will be redeemable for cash at Bloom Energy's option on or after November 20, 2028, under certain conditions. The initial conversion rate and other terms will be determined at pricing. Bloom Energy expects to use part of the proceeds to pay the cash portion of consideration in concurrent exchange transactions for its 3.00% Green Convertible Senior Notes due 2028 and 2029, with the remainder for general corporate purposes. No URL for the prospectus was included in the document.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bloom Energy Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-25-049016), on November 04, 2025, and is solely responsible for the information contained therein.

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