By Devika Patel
Knoxville, Tenn., April 2 – Bloom Energy Corp. priced a $70 million private placement of 10.25% seven-year senior secured notes on March 30, according to a press release, an 8-K and a 10-K filed with the Securities and Exchange Commission.
The note indenture has an accordion feature allowing for the company to sell an additional $80 million of the notes over the next 18 months.
Proceeds will be used to refinance the company's convertible notes.
The San Jose, Calif., company produces clean energy.
| Issuer: | Bloom Energy Corp.
|
| Issue: | Senior secured notes
|
| Amount: | $70 million
|
| Maturity: | March 27, 2027
|
| Coupon: | 10.25%
|
| Call: | Make-whole call until March 27, 2022; callable with a premium after that until March 27, 2026, then callable at par
|
| Put: | Change-of-control put at 101
|
| Pricing date: | March 30
|
| Settlement date: | May 29
|
| Distribution: | Private placement
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
