T1 Announces Private Placement of Convertible Notes Due 2031
T1 Energy announced a $120 million private placement of 4.75% convertible senior notes due 2031, expected to close on July 31. The net proceeds are designated for the construction and equipment procurement for Phase 1 of the G2_Austin solar cell fab, as well as general corporate purposes.
Key figures
- Deal Value Usd
- 120000000
- Interest rate
- 4.75%
- Maturity date
- August 1, 2031
- Conversion price
- $4.46
- Conversion premium
- 20%
- Last reported sale price
- $3.72
- Shares per 1000 principal
- 224.0143
AI analysis
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