T1 Energy Issues $160M Convertible Senior Notes for Solar Facility Expansion
T1 Energy (NYSE:TE) has priced a $160 million convertible senior notes offering, upsized from the original $125 million. The funds will be used for the construction of its G2_Austin solar cell facility and general corporate purposes. The notes have a conversion price of $6.80 per share, a 40% premium to the stock price at the time of announcement.
Tickers: $TE
Topics: Capital Raise Convertible Senior Notes Corporate Finance Infrastructure Development Solar Energy