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T1 Energy Launches $125 Million Convertible Senior Notes Offering

BY MT Newswires | CORPORATE | 04/14/26 07:42 AM EDT

07:42 AM EDT, 04/14/2026 (MT Newswires) -- T1 Energy (TE) said Tuesday it is proposing an underwritten public offering of $125 million in convertible senior notes due 2031.

The company plans to grant the underwriters a 30-day option to purchase up to an additional $18.75 million of the convertible notes to cover over-allotments.

The company said it expects to use the net proceeds for the construction and development of infrastructure, as well as the purchase of production line equipment, related to Phase 1 of its G2_Austin solar cell fabrication plant, and for general corporate purposes.

T1 also said it is planning a larger financing solution, including a significant debt component, to fund the remaining capital expenditures for Phase 1 of G2_Austin.

The company's shares were down about 9.0% in Tuesday premarket trading.

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

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