Eos Energy Enterprises, Inc. has announced its intention to offer $500 million in aggregate principal amount of convertible senior notes due 2031 in a private offering to qualified institutional buyers. In addition, the company expects to grant initial purchasers an option to buy up to an additional $75 million of notes within 13 days of issuance. Eos also plans a registered direct offering of common stock to a limited number of purchasers. Proceeds from the offerings are expected to be used, in part, to repurchase a portion of Eos's outstanding 6.75% convertible senior notes due 2030 and for general corporate purposes. The convertible notes will be senior, unsecured obligations, accrue interest semi-annually, and mature on December 1, 2031.
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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-114153), on November 24, 2025, and is solely responsible for the information contained therein.
Comments