Fluence energy, inc. announces pricing of upsized offering of $350.0 million of convertible notes and capped call transactions

Arlington, va., dec. 10, 2024 (globe newswire) -- fluence energy, inc. (nasdaq: flnc) (“fluence” or the “company”), a global market leader delivering intelligent energy storage, operational services, and asset optimization software, today announced that it has upsized and priced an offering of $350.0 million aggregate principal amount of 2.25% convertible senior notes due 2030 (the “notes”). the offering size was increased from the previously announced offering size of $300.0 million aggregate principal amount of notes. the issuance and sale of the notes are scheduled to settle on december 12, 2024, subject to customary closing conditions. fluence also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $50.0 million aggregate principal amount of the notes. the notes are being offered in a private offering that is exempt from the registration requirements of the securities act of 1933, as amended (the “securities act”), to persons reasonably believed to be qualified institutional buyers pursuant to rule 144a under the securities act.
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