ChargePoint Strengthens Balance Sheet and Enhances Shareholder Value Through Material Debt Reduction
ChargePoint Holdings, Inc. (CHPT)
Company Research
Source: Business Wire
Reduces total outstanding debt by $172 million, more than 50%Removes 125% change of control repayment premium of approximately $82 millionReduces annual interest expense by approximately $10 millionExtends new debt maturity from 2028 to 2030 CAMPBELL, Calif.--(BUSINESS WIRE)--ChargePoint Holdings, Inc. (NYSE: CHPT) (“ChargePoint”) a leading provider of networked solutions for charging electric vehicles, today announced the completion of a privately negotiated exchange (the “Exchange”) of $329 million of its Convertible Senior Notes due 2028 (the “2028 Notes”), resulting in a near term reduction of its total outstanding debt by $172 million, or more than 50%. As part of the Exchange, ChargePoint’s New Loan (defined below) extends maturity from 2028 to 2030 and reduces annual interest expenses by approximately $10 million. ChargePoint estimates it obtained a discount of approximately $107 million due to the Exchange.“This significant debt reduction is a pivotal step in strengthening
Show less
Read more
Impact Snapshot
Event Time:
CHPT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CHPT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CHPT alerts
High impacting ChargePoint Holdings, Inc. news events
Weekly update
A roundup of the hottest topics
CHPT
News
- Why ChargePoint (CHPT) Stock Is Trading Up Today [Yahoo! Finance]Yahoo! Finance
- ChargePoint: Not Terrible For Once [Seeking Alpha]Seeking Alpha
- ChargePoint (NYSE:CHPT) was given a new $8.50 price target on by analysts at Roth Capital.MarketBeat
- ChargePoint (NYSE:CHPT) had its "sector perform" rating reaffirmed by analysts at Royal Bank Of Canada.MarketBeat
- ChargePoint achieves positive revenue growth and narrows Q3 loss on subscription momentum [Seeking Alpha]Seeking Alpha
CHPT
Earnings
- 12/4/25 - Miss
CHPT
Sec Filings
- 12/5/25 - Form S-3/A
- 12/5/25 - Form 10-Q
- 12/4/25 - Form 8-K
- CHPT's page on the SEC website