05:57 PM EDT, 05/22/2024 (MT Newswires) -- Bloom Energy ( BE ) said Wednesday it plans to raise $250 million in a private offering of green convertible senior notes due 2029 to qualified institutional buyers.

The company said it intends to grant initial purchasers of the notes a 13-day option to buy up to an additional $37.5 million of the notes.

Proceeds will be used to repurchase a portion of Bloom Energy's ( BE ) outstanding 2.50% green convertible senior notes due 2025, and for general corporate purposes, it said.

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