Fluence Energy (NASDAQ:FLNC) Announces Private Offering of Convertible Senior Notes

Fluence Energy, Inc. filed a Form 8-K with the Securities and Exchange Commission on December 9, 2024, revealing its plans for a private offering of convertible senior notes. The offering, totaling $350.0 million in aggregate principal amount of Notes, is targeted towards qualified institutional buyers (QIBs) and will be due in 2030.

The company intends to enter into privately negotiated capped call transactions with initial purchasers and/or their affiliates and financial institutions. By raising funds through this offering, Fluence Energy aims to finance the costs associated with these transactions. Additionally, any net proceeds from the sale of additional Notes are expected to contribute to funding additional capped call transactions.

Proceeds from the offering will also be used to purchase an intercompany subordinated convertible promissory note issued by Fluence Energy, LLC. The subsidiary plans to allocate these funds towards working capital requirements, upgrading a battery cell production line, and general corporate purposes.

On December 10, 2024, Fluence Energy announced the pricing of the offering, which saw an increase from the initially proposed $300.0 million aggregate principal amount of Notes. This expanded offering aims to support the company’s strategic financial commitments and further initiatives.

This Form 8-K disclosure emphasizes that the company’s announcements do not constitute a solicitation of securities offers or purchases. The full text of the press releases related to these events is available as Exhibits 99.1 and 99.2 in the filing with the SEC.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Fluence Energy’s 8K filing here.

About Fluence Energy

Fluence Energy, Inc, through its subsidiaries, offers energy storage products and solution, services, and artificial intelligence enabled software-as-a-service products for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company sells energy storage products with integrated hardware, software, and digital intelligence.