Loan & DebtApr 14, 2026, 07:14 AM
T1 Energy proposes $125M convertible senior notes offering
AI Summary
T1 Energy Inc. announced a proposed underwritten public offering of $125.0 million in convertible senior notes due 2031. The company plans to grant underwriters an option to purchase an additional $18.75 million in notes. The net proceeds are intended for the construction and development of infrastructure and purchase of production line equipment for Phase 1 of its G2_Austin solar cell fab, with a capacity of 2.1 GW, and for general corporate purposes. The offering is subject to market conditions, with Santander and J.P. Morgan acting as joint bookrunning managers.
Key Highlights
- T1 Energy proposes $125.0M convertible senior notes offering.
- Underwriters have 30-day option for additional $18.75M notes.
- Proceeds to fund Phase 1 of G2_Austin solar cell fab (2.1 GW).
- Santander and J.P. Morgan are joint bookrunning managers.