Array Technologies Inc. Announces Filing of Prospectus for Upsized Convertible Senior Notes Offering

Reuters

2025/06/28

<a href="https://laohu8.com/S/ARRY">Array Technologies Inc.</a> Announces Filing of Prospectus for Upsized Convertible Senior Notes Offering

Array Technologies Inc. has announced the successful closing of its private offering of $345 million in 2.875% convertible senior notes due July 2031. The offering, which was upsized from an initial $300 million, also included a $45 million option for additional notes. The net proceeds amounted to approximately $334.1 million after deductions. The company plans to use the funds to fully repay $232.8 million in outstanding term loan debt, invest $35 million in capped call transactions to raise the conversion price to $12.74 per share, and repurchase $100 million of its 1.00% convertible senior notes due 2028 for $78.3 million. CEO Kevin G. Hostetler highlighted this move as a strategic effort to strengthen the company's capital structure and support long-term growth.

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. Array Technologies Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9485959-en) on June 27, 2025, and is solely responsible for the information contained therein.

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Announces Filing of Prospectus for Upsized Convertible Senior Notes Offering\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-06-28 04:05</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/ARRY\">Array Technologies Inc.</a> Announces Filing of Prospectus for Upsized Convertible Senior Notes Offering\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Array Technologies Inc. has announced the successful closing of its private offering of $345 million in 2.875% convertible senior notes due July 2031. The offering, which was upsized from an initial $300 million, also included a $45 million option for additional notes. The net proceeds amounted to approximately $334.1 million after deductions. The company plans to use the funds to fully repay $232.8 million in outstanding term loan debt, invest $35 million in capped call transactions to raise the conversion price to $12.74 per share, and repurchase $100 million of its 1.00% convertible senior notes due 2028 for $78.3 million. CEO Kevin G. Hostetler highlighted this move as a strategic effort to strengthen the company's capital structure and support long-term growth.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>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. Array Technologies Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9485959-en) on June 27, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2249611893.SGD","symbol_name":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250627:nNDL6Jf661:1","article_id":"2546729148","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2546729148","pubTimestamp":1751054718,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Array Technologies Inc. has announced the successful closing of its private offering of $345 million in 2.875% convertible senior notes due July 2031. 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