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T1 Energy Prices Upsized $160 Million Convertible Senior Notes Offering

BY MT Newswires | CORPORATE | 03:59 AM EDT

03:59 AM EDT, 04/15/2026 (MT Newswires) -- T1 Energy (TE) said late Tuesday it priced its upsized public offering of $160 million of 4% convertible senior notes due 2031.

The offering was upsized from $125 million.

The company expects about $151.6 million in proceeds from the offering. It has also granted underwriters a 30-day option to purchase up to an additional $24 million of convertible notes.

The offering is expected to close on or about Friday.

T1 aims to use the proceeds from the offering 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.

The company is also planning a larger financing solution, including a significant debt component, to fund the remaining capital expenditures for phase 1 of G2_Austin.

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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