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Bloom Energy Prices Upsized $2.2 Billion Private Debt Offering

BY MT Newswires | CORPORATE | 10/31/25 04:20 AM EDT

04:20 AM EDT, 10/31/2025 (MT Newswires) -- Bloom Energy (BE) said Friday it priced a $2.2 billion private placement of 0% convertible senior notes due Nov. 15, 2030, upsized from a previously planned $1.75 billion.

Initial purchasers have a 13-day option to buy up to an additional $300 million of the notes.

The company expects the offering to close Tuesday and plans to use part of the estimated net proceeds of $2.16 billion to fund certain exchange transactions, among other things.

Bloom Energy (BE) said it is looking to exchange about $532.8 million of 3% green convertible senior notes due 2028 and $443.1 million of 3% green convertible senior notes due 2029 for a combination of cash and class A shares.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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