Californian microinverter maker Enphase Energy today announced it is planning a $1 billion issuance of senior notes.
The Fremont-based company said it would issue $500 million of convertible senior notes due to mature on March 1, 2026 and the same volume of investments to be settled two years later.
Popular content
Enphase said the proceeds would finance a hedge against possible dilution of stock value due to the issuance; a repurchase program related to the company's 1%-interest-bearing 2024 notes and 0.25%, 2025 instruments; and general expenses.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.