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
- Source
- Official filing on sec.gov ↗
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.
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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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