Bloom Energy Corporation has announced the pricing of its offering of US$200 million aggregate principal amount of 2.50% green convertible senior notes due 2025 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The offering size was increased from the previously announced offering size of US$135 million aggregate principal amount of notes. The issuance and sale of the notes is subject to customary closing conditions. Bloom Energy also granted the initial purchaser of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date notes are first issued, up to an additional US$30 million principal amount of notes.
Latham & Watkins LLP represents Bloom Energy in the offering with a corporate deal team led by Bay Area partner Tad Freese and New York partner Greg Rodgers, with Los Angeles counsel Arash Aminian Baghai, Bay Area associates Phillip Stoup and Nimrah Khan, New York associates Aaron Franklin and Ryan Gold, and Orange County associate Eric Hanzich. Advice was also provide on tax matters by New York partners Elena Romanova and Bora Bozkurt, with New York associate Michael Yu.