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Form 8-K · Current Report · Filed 2024-05-22

Bloom Energy Announces Proposed Private Offering of Green Convertible Senior Notes

On May 22, 2024, Bloom Energy Corporation announced its intention to offer $250,000,000 aggregate principal amount of green convertible senior notes due 2029 in a private offering to qualified institutional buyers.

Filer
Bloom Energy Corporation BE · NYSE
Filed
Accession
0001628280-24-024744
CIK
0001664703
Signal
Medium impactIndustrials

Details

The notes, which will accrue interest payable semi-annually and can be converted into shares of Bloom Energy's Class A common stock, are intended to be used for general corporate purposes and to refinance or finance new or ongoing projects that meet certain criteria. A press release detailing the offering is attached as Exhibit 99.1.

Items reported

Item 8.01

Other Events

Convertible Notes Offering
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$15.13

Next session

+4.0%

Since filing

+1260.3%

Latest close

$205.81

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from BE reporting the same item, with the next session's move:

Exhibits (1)

About Bloom Energy Corporation

Bloom Energy Corporation focuses on providing advanced energy solutions through the development and manufacture of innovative solid oxide fuel cells. These fuel cells are part of a proprietary system known as the Bloom Energy Server, which transforms natural gas or biogas into electricity efficiently and cleanly. Aimed primarily at large-scale commercial and industrial clients, Bloom Energy not only enables businesses to generate their own on-site electricity but also supports sustainability goals by significantly reducing emissions compared to traditional energy sources. Founded in 2001 and headquartered in San Jose, California, the company plays a critical role in the shift towards clean energy, impacting sectors such as technology, healthcare, and retail. Bloom Energy's solutions promote energy independence and resilience by offering reliable power that is less susceptible to grid disruptions, underscoring its importance in the modern energy landscape.

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