Array technologies announces pricing of upsized offering of convertible senior notes

Albuquerque, n.m., june 24, 2025 (globe newswire) -- array technologies, inc. (nasdaq: arry) (the “company” or “array”) today announced that it has priced an upsized offering of $300 million in aggregate principal amount of 2.875% convertible senior notes due 2031 (the “notes”) in a private placement (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to rule 144a of the securities act of 1933, as amended (the “securities act”). array has also granted the initial purchasers of the notes an option to purchase, for settlement within a 13-day period from, and including the date on which the notes are first issued, up to an additional $45 million in aggregate principal amount of notes. the offering is expected to close on june 27, 2025, subject to the satisfaction of customary closing conditions.
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