Stem Inc. Strengthens Financial Position with $200 Million Debt Reduction and $10 Million Cash Raise in Restructuring Effort

Reuters
30 Jun
<a href="https://laohu8.com/S/STEM">Stem Inc.</a> Strengthens Financial Position with $200 Million Debt Reduction and $10 Million Cash Raise in Restructuring Effort

Stem Inc. has taken significant steps to bolster its financial position by restructuring its debt through a convertible notes exchange and issuing new notes. The company successfully exchanged $350 million in existing convertible senior notes, due in 2028 and 2030, for $155 million in new first lien senior secured notes, extending its debt maturity profile to 2030. This move reduces Stem's outstanding debt by approximately $195 million and raises $10 million in cash, positioning the company to focus on its software-driven strategy. The restructuring also offers Stem the flexibility to manage liquidity by allowing interest payments to be made in-kind and strengthens its balance sheet, enhancing its ability to execute its strategic plan.

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. Stem Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250630907168) on June 30, 2025, and is solely responsible for the information contained therein.

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