Loan & DebtApr 17, 2026, 04:22 PM
T1 Energy Completes $184M Convertible Senior Notes Offering
AI Summary
T1 Energy Inc. completed its previously announced public offering of $184.0 million aggregate principal amount of 4.00% Convertible Senior Notes due 2031. The offering included the full exercise of the underwriters' over-allotment option. The company estimates net proceeds of approximately $174.7 million, which will be used for the construction and development of Phase 1 of its G2_Austin solar cell fab with 2.1 GW of capacity and for general corporate purposes.
Key Highlights
- Completed public offering of $184.0 million Convertible Senior Notes.
- Notes bear interest at 4.00% per annum, due 2031.
- Net proceeds estimated at $174.7 million.
- Proceeds to fund Phase 1 of G2_Austin solar cell fab (2.1 GW capacity).