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Plug Power | 8-K: Plug Power Issues $140,396,000 Aggregate Principal Amount of 7.00% Convertible Senior Notes Due 2026

Plug Power | 8-K: Current report

普拉格能源 | 8-K:重大事件
美股sec公告 ·  03/26 16:21
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On March 20, 2024, Plug Power Inc. completed a significant financial transaction involving the issuance of new debt securities. The company, based in Latham, New York, issued $140,396,000 in 7.00% Convertible Senior Notes due 2026 in exchange for $138,816,000 of its 3.75% Convertible Senior Notes due 2025, including accrued interest. This exchange resulted in the cancellation of the 2025 Notes. Following the transaction, approximately $58.5 million of the 2025 Notes remain outstanding. The new notes will pay interest semi-annually and are set to mature on June 1, 2026, unless converted or redeemed earlier. They rank senior to any subordinated debt and equal to other liabilities, but are junior to secured debt and structurally subordinated to liabilities of subsidiaries. The notes are convertible under certain conditions and may be redeemed by the company...Show More
On March 20, 2024, Plug Power Inc. completed a significant financial transaction involving the issuance of new debt securities. The company, based in Latham, New York, issued $140,396,000 in 7.00% Convertible Senior Notes due 2026 in exchange for $138,816,000 of its 3.75% Convertible Senior Notes due 2025, including accrued interest. This exchange resulted in the cancellation of the 2025 Notes. Following the transaction, approximately $58.5 million of the 2025 Notes remain outstanding. The new notes will pay interest semi-annually and are set to mature on June 1, 2026, unless converted or redeemed earlier. They rank senior to any subordinated debt and equal to other liabilities, but are junior to secured debt and structurally subordinated to liabilities of subsidiaries. The notes are convertible under certain conditions and may be redeemed by the company starting June 5, 2025. The offering and sale of the new notes were not registered under the Securities Act of 1933 and were made to qualified institutional buyers. Additionally, the company's board of directors underwent a reclassification to balance the number of directors across three classes, with Gary K. Willis resigning as a Class I Director and being immediately reappointed as a Class III Director, effective March 26, 2024.
2024年3月20日,Plug Power Inc.完成了一项涉及发行新债务证券的重大金融交易。该公司总部位于纽约莱瑟姆,发行了140,396,000美元的2026年到期的7.00%可转换优先票据,以换取其2025年到期的3.75%可转换优先票据中的138,816,000美元,包括应计利息。这次交易导致2025年票据的取消。交易完成后,2025年票据中约有5,850万美元仍未偿还。除非提前转换或兑换,否则新票据将每半年支付一次利息,并将于2026年6月1日到期。它们的排名优先于任何次级债务,等于其他负债,但次于有担保债务,在结构上从属于子公司的负债。这些票据在某些条件下可兑换,并可从2025年6月5日起由公司兑换。新票据的发行和出售未根据1933年《证券法》进行登记,而是向合格的机构买家发行的。此外,公司董事会进行了重新分类,以平衡三个类别的董事人数,加里·威利斯辞去了第一类董事的职务,并立即被重新任命为三类董事,自2024年3月26日起生效。
2024年3月20日,Plug Power Inc.完成了一项涉及发行新债务证券的重大金融交易。该公司总部位于纽约莱瑟姆,发行了140,396,000美元的2026年到期的7.00%可转换优先票据,以换取其2025年到期的3.75%可转换优先票据中的138,816,000美元,包括应计利息。这次交易导致2025年票据的取消。交易完成后,2025年票据中约有5,850万美元仍未偿还。除非提前转换或兑换,否则新票据将每半年支付一次利息,并将于2026年6月1日到期。它们的排名优先于任何次级债务,等于其他负债,但次于有担保债务,在结构上从属于子公司的负债。这些票据在某些条件下可兑换,并可从2025年6月5日起由公司兑换。新票据的发行和出售未根据1933年《证券法》进行登记,而是向合格的机构买家发行的。此外,公司董事会进行了重新分类,以平衡三个类别的董事人数,加里·威利斯辞去了第一类董事的职务,并立即被重新任命为三类董事,自2024年3月26日起生效。
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