Eos Energy Enterprises Prices $525 Million Convertible Senior Notes Offering

Reuters11-20
Eos Energy Enterprises Prices $525 Million Convertible Senior Notes Offering

Eos Energy Enterprises Inc. announced the pricing of its upsized $525 million aggregate principal amount of 1.75% convertible senior notes due 2031 in a private offering to qualified institutional buyers under Rule 144A. The offering size was increased from the previously announced $500 million. The notes will mature on December 1, 2031, and accrue interest at 1.75% per annum, payable semi-annually. Eos also granted initial purchasers an option to buy up to an additional $75 million in notes. The initial conversion rate is 61.3704 shares per $1,000 principal amount, representing a conversion price of approximately $16.29 per share, a 27.5% premium to the last reported sale price on November 19, 2025. Additionally, Eos priced a concurrent equity offering of 35,855,647 shares at $12.78 per share.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Eos Energy Enterprises Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9579429-en) on November 20, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment