Form 8-K PLUG POWER INC For: Mar 12
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Plug Power (PLUG) Enters Exchange Agreement for $138.92M of Notes
March 13, 2024 8:11 AM EDTOn March 12, 2024, Plug Power (NASDAQ: PLUG) entered into separate, privately negotiated exchange agreements (the Exchange Agreements) with certain holders of the Companys outstanding 3.75% Convertible Senior Notes due 2025 (the Existing Notes), pursuant to which the Company will exchange $138,816,000 in aggregate principal amount of the Existing Notes, and accrued and unpaid interest on such Existing Notes to, but excluding, March 20, 2024, for $140,396,000 in aggregate principal amount of the Companys new 7.00% Convertible Senior Notes due 2026 (the New Notes) (the Exchange Transactions), in each case, pursuant to the exemption from registration provided by Section 4(a)(2) under the Securities Act of 1933, as... More
