Bloom Energy Corporation has announced a strategic exchange of its existing debt instruments, involving the redemption of a portion of its 2.50% Green Convertible Senior Notes due 2025. The company will exchange approximately $112.8 million of these notes for around $115.7 million in new 3.00% Green Convertible Senior Notes due 2029. This move allows Bloom Energy to manage its debt obligations more effectively while extending the maturity of its debt. The 2029 Convertible Notes will accrue interest at a rate of 3.00% per annum and will mature on June 1, 2029, unless earlier repurchased, redeemed, or converted under specific conditions. J. Wood Capital Advisors LLC served as the financial advisor for this exchange transaction.
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