Enphase energy announces proposed $1.0 billion green convertible senior notes offering

Fremont, calif., feb. 24, 2021 (globe newswire) -- enphase energy, inc. (nasdaq: enph) today announced that it intends to offer, subject to market conditions and other factors, $500 million aggregate principal amount of green convertible senior notes due 2026 (the “2026 notes”) and $500 million aggregate principal amount of green convertible senior notes due 2028 (the “2028 notes” and together with the 2026 notes, the “notes”) in a private placement to qualified institutional buyers pursuant to rule 144a under the securities act of 1933, as amended (the “securities act”). we also expect to grant the initial purchasers of the notes a 13-day option to purchase up to an additional $50 million aggregate principal amount of 2026 notes and an additional $50 million aggregate principal amount of 2028 notes to cover over-allotments, if any.
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