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

普拉格能源 | 8-K：普拉格能源發行本金總額爲140,396,000美元2026年到期的7.00%可轉換優先票據
SEC announcement ·  03/27 04:21
牛牛AI助理已提取核心訊息
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.完成了一項涉及發行新債務證券的重大金融交易。該公司總部位於紐約萊瑟姆，發行了140,396,000美元的2026年到期的7.00％可轉換優先票據，以換取其2025年到期的3.75％可轉換優先票據中的138,816,000美元，包括應計利息。這次交易導致2025年票據的取消。交易完成後，2025年票據中約有5,850萬美元仍未償還。除非提前轉換或兌換，否則新票據將每半年支付一次利息，並將於2026年6月1日到期。它們的排名優先於任何次級債務，等於其他負債，但次於有擔保債務，在結構上從屬於子公司的負債。這些票據在某些條件下可兌換，並可從2025年6月5日起由公司兌換。新票據的發行和出售未根據1933年《證券法》進行登記，而是向合格的機構買家發行的。此外，公司董事會進行了重新分類，以平衡三個類別的董事人數，加里·威利斯辭去了第一類董事的職務，並立即被重新任命爲三類董事，自2024年3月26日起生效。
2024年3月20日，Plug Power Inc.完成了一項涉及發行新債務證券的重大金融交易。該公司總部位於紐約萊瑟姆，發行了140,396,000美元的2026年到期的7.00％可轉換優先票據，以換取其2025年到期的3.75％可轉換優先票據中的138,816,000美元，包括應計利息。這次交易導致2025年票據的取消。交易完成後，2025年票據中約有5,850萬美元仍未償還。除非提前轉換或兌換，否則新票據將每半年支付一次利息，並將於2026年6月1日到期。它們的排名優先於任何次級債務，等於其他負債，但次於有擔保債務，在結構上從屬於子公司的負債。這些票據在某些條件下可兌換，並可從2025年6月5日起由公司兌換。新票據的發行和出售未根據1933年《證券法》進行登記，而是向合格的機構買家發行的。此外，公司董事會進行了重新分類，以平衡三個類別的董事人數，加里·威利斯辭去了第一類董事的職務，並立即被重新任命爲三類董事，自2024年3月26日起生效。
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