T1 Energy completed a $120.0 million private placement of 4.75% Convertible Senior Notes due 2031 to qualified institutional buyers and executed an Indenture with U.S. Bank Trust Company as trustee. The proceeds will help fund Phase 1 construction and equipment for the G2_Austin solar cell fab and support general corporate purposes, serving as bridge financing ahead of a broader capital plan. The notes carry a 4.75% coupon, mature August 1, 2031, and are initially convertible at $4.46 per share, with customary redemption and anti-dilution provisions. Purchasers received registration rights for the underlying shares.
Agreement 1: T1 Energy Raises $120 Million via 4.75% Convertible Notes to Fund G2_Austin
- Agreement type: Note Purchase Agreements for 4.75% Convertible Senior Notes due 2031
- Counterparty: Qualified institutional buyers (Purchasers)
- Signed / Effective: Jul 29 2026 / Jul 31 2026
- Duration / Termination: Through 2031 note maturity
- Reason: Bridge financing for G2_Austin Phase 1 and corporate purposes
Agreement 2: T1 Energy Executes Indenture for 4.75% Convertible Notes Due 2031 With U.S. Bank Trust
- Agreement type: Indenture governing 4.75% Convertible Senior Notes due 2031
- Counterparty: U.S. Bank Trust Company
- Signed / Effective: Jul 31 2026 / same
- Duration / Termination: Until Aug 1 2031 maturity
- Reason: Establish terms and investor protections for notes
Original SEC Filing:
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