Fluence energy, inc. announces closing of offering of $400.0 million of convertible senior notes due 2030

Arlington, va., dec. 12, 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 the completion of the previously announced offering of $400.0 million aggregate principal amount of 2.25% convertible senior notes due 2030 (the “notes”). 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 issued on december 12, 2024 include $50.0 million principal amount of notes issued pursuant to the full exercise by the initial purchasers of their option to purchase additional notes. the notes will be senior, unsecured obligations of fluence, will accrue interest payable semi-annually in arrears and will mature on june 15, 2030, unless earlier repurchased, redeemed or converted.
FLNC Ratings Summary
FLNC Quant Ranking