Stem, inc. significantly strengthens balance sheet through convertible notes exchange and new notes issuance

Houston--(business wire)--stem, inc. (nyse: stem) (the “company”), a global leader in ai-enabled clean energy software and services, today announced that it completed a privately negotiated exchange (the “exchange agreement”) with certain holders of the company's outstanding 0.500% convertible senior notes due 2028 and 4.250% convertible senior notes due 2030 (the “existing notes”).the transaction resulted in a reduction in outstanding debt of approximately $195 million. “this transaction is an.
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