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Plug Power | 8-K: Exchange Agreement

Plug Power | 8-K: Current report

普拉格能源 | 8-K:重大事件
美股sec公告 ·  03/13 08:13
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On March 12, 2024, Plug Power Inc., a leader in alternative energy technology, announced the initiation of exchange agreements with certain holders of its 3.75% Convertible Senior Notes due 2025. The exchange will involve $138,816,000 in aggregate principal amount of the existing notes, plus accrued interest, for $140,396,000 in aggregate principal amount of new 7.00% Convertible Senior Notes due 2026. This strategic financial maneuver, known as the Exchange Transactions, is set to close on or about March 20, 2024, subject to customary closing conditions. After the exchange, approximately $58.5 million in aggregate principal amount of the existing notes will remain outstanding. The new notes will be senior, unsecured obligations of Plug Power, bearing interest at 7.00% per annum, with semi-annual payments starting June 1, 2024. The conversion rate for the new notes is...Show More
On March 12, 2024, Plug Power Inc., a leader in alternative energy technology, announced the initiation of exchange agreements with certain holders of its 3.75% Convertible Senior Notes due 2025. The exchange will involve $138,816,000 in aggregate principal amount of the existing notes, plus accrued interest, for $140,396,000 in aggregate principal amount of new 7.00% Convertible Senior Notes due 2026. This strategic financial maneuver, known as the Exchange Transactions, is set to close on or about March 20, 2024, subject to customary closing conditions. After the exchange, approximately $58.5 million in aggregate principal amount of the existing notes will remain outstanding. The new notes will be senior, unsecured obligations of Plug Power, bearing interest at 7.00% per annum, with semi-annual payments starting June 1, 2024. The conversion rate for the new notes is initially set at 235.4049 shares of common stock per $1,000 principal amount, which equates to an initial conversion price of approximately $4.25 per share. This rate represents a 20% premium over the last reported sale price of Plug's common stock on the Nasdaq Capital Market as of the announcement date. The new notes are convertible under certain conditions and during specified periods, with the company having the option to settle conversions in cash, shares, or a combination thereof. Additionally, the new notes may be redeemed by the company under specific circumstances and are subject to customary adjustments upon certain events.
2024年3月12日,替代能源技术的领导者Plug Power Inc. 宣布与其2025年到期的3.75%可转换优先票据的某些持有人启动交换协议。该交易所将涉及现有票据的本金总额为138,816,000美元,外加应计利息,2026年到期的新7.00%可转换优先票据的本金总额为140,396,000美元。这种被称为交易所交易的战略财务手段定于2024年3月20日左右结束,但须遵守惯例成交条件。交易后,现有票据的本金总额约为5,850万美元将保持未偿还状态。新票据将是Plug Power的优先无担保债务,年利率为7.00%,从2024年6月1日起每半年还款一次。新票据的转换率最初设定为每1,00...展开全部
2024年3月12日,替代能源技术的领导者Plug Power Inc. 宣布与其2025年到期的3.75%可转换优先票据的某些持有人启动交换协议。该交易所将涉及现有票据的本金总额为138,816,000美元,外加应计利息,2026年到期的新7.00%可转换优先票据的本金总额为140,396,000美元。这种被称为交易所交易的战略财务手段定于2024年3月20日左右结束,但须遵守惯例成交条件。交易后,现有票据的本金总额约为5,850万美元将保持未偿还状态。新票据将是Plug Power的优先无担保债务,年利率为7.00%,从2024年6月1日起每半年还款一次。新票据的转换率最初设定为每1,000美元本金235.4049股普通股,相当于每股约4.25美元的初始转换价格。该利率比截至公布之日Plug在纳斯达克资本市场上次报告的普通股销售价格高出20%。新票据在特定条件下可在特定期限内兑换,公司可以选择以现金、股票或其组合方式结算转换。此外,公司可以在特定情况下兑换新票据,并会根据某些事件进行惯例调整。
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