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0.00102880658436212 0.00102880658436212 -0.00720164609053501 -0.0195473251028806 -0.0113168724279835 0 0 0
Stock impact report

T1 Energy Announces Proposed Public Offering of Convertible Senior Notes Due 2031 [Yahoo! Finance]

T1 Energy Inc. (TE) 
US:NYSE Investor Relations: tecoenergy.com/news
Company Research Source: Yahoo! Finance
announced a proposed underwritten public offering of $125.0 million aggregate principal amount of its convertible senior notes due 2031 (the “Convertible Notes” and such offering, the “Offering”). The Company intends to grant the underwriters a 30-day option to purchase up to an additional $18.75 million aggregate principal amount of Convertible Notes, solely to cover over-allotments in the Offering. The Company expects to use the net proceeds from the Offering for (i) construction and development of infrastructure and purchase of production line equipment relating to Phase 1 of its G2_Austin solar cell fab with 2.1 GW of capacity and (ii) general corporate purposes. T1 is targeting a larger financing solution, that includes a significant debt component, to fund the remaining balance of capital expenditures for Phase 1 of G2_Austin. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the proposed offering may be comp Show less Read more
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