Bloom Energy Announces the Extension of and Amendments to Its Convertible Notes
April 02 2020 - 8:00AM
Business Wire
Bloom Energy (NYSE: BE) today announced the extension of and
amendments to its outstanding 5 percent and 6 percent convertible
notes and also announced an additional $100 million in new
financing, with a majority of the proceeds to be used to refinance
the existing convertible notes.
Details and a description of the terms of the amendments to the
convertible notes and the new financing can be found in the
Company’s Annual Report on Form 10-K for the year ended December
31, 2019 as filed with the Securities and Exchange Commission on
March 31, 2020 and its Current Report on Form 8-K filed with the
SEC on April 2, 2020.
Commenting on the agreement, KR Sridhar, founder, chairman and
CEO, Bloom Energy said:
“Our refinancing approach has always been in the best interest
of our equity and debt holders, as well as our partners in the
business. Despite the challenging conditions in today’s capital
markets driven by the difficult times around the world, we are
pleased to have reached this agreement with our investors. We
remain fully committed to our mission of delivering cost-effective
electricity solutions that are cleaner and more reliable to address
the causes and the impact of climate change and power disruptions
around the world.”
More information and the latest filings can be found on the
investor relations section of the Company’s website at
investor.bloomenergy.com.
About Bloom Energy
Bloom Energy’s mission is to make clean, reliable energy
affordable for everyone in the world. The company’s product, the
Bloom Energy Server, delivers highly reliable and resilient,
always-on electric power that is clean, cost-effective, and ideal
for microgrid applications. Bloom’s customers include many Fortune
100 companies and leaders in manufacturing, data centers,
healthcare, retail, higher education, utilities, and other
industries. For more information, visit www.bloomenergy.com
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version on businesswire.com: https://www.businesswire.com/news/home/20200402005254/en/
Investor Relations Contact Mark Mesler Bloom Energy T:
408.543.1743 Mark.Mesler@bloomenergy.com
Media Contact Justin Saia Bloom Energy T: 408.543.1566
Justin.Saia@bloomenergy.com
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