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Latham Represents Bloom Energy Corporation in Upsized US$350 Million Green Convertible Senior Notes Offering

May 24, 2024
Firm advises a global leader in solid oxide fuel cell technology on the offering.

Bloom Energy Corporation (NYSE:BE), a global leader in solid oxide fuel cell technology, has announced the pricing of its offering of US$350 million aggregate principal amount of 3.00% green convertible senior notes due 2029 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933. The offering size was increased from the previously announced offering size of US$250 million aggregate principal amount of notes. The issuance and sale of the notes is scheduled to settle on May 29, 2024, subject to customary closing conditions. Bloom Energy also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional US$52.5 million principal amount of notes.

Latham & Watkins LLP represents Bloom Energy Corporation in the offering with a corporate team led by Bay Area partners Tad Freese and Richard Kim, New York/Los Angeles partner Greg Rodgers, and Los Angeles partner Arash Aminian Baghai, with associates Ryan Gold, Joshua Landis, Andrew Bentz, and Ryleigh Chen. Advice was also provided on tax matters by New York partner Elena Romanova, with associate Michael Yu.