Bloom Energy Secures $600 Million Multicurrency Revolving Credit Facility

Reuters19:02
Bloom Energy Secures $600 Million Multicurrency Revolving Credit Facility

Bloom Energy Corporation has entered into a new credit agreement with Wells Fargo Bank, National Association, as administrative agent and collateral agent, along with other financial institutions as lenders. The agreement provides Bloom Energy with a $600 million senior secured multicurrency revolving credit facility. The facility allows for borrowings in U.S. dollars, British pounds sterling, euros, Japanese yen, Singapore dollars, and other approved foreign currencies. The agreement includes restrictive covenants limiting the company’s ability to incur additional debt, pay dividends, make certain investments, and undertake other corporate actions. The loan is secured by a lien on substantially all of Bloom Energy’s tangible and intangible personal property, excluding intellectual property, and by a pledge of equity interests in material subsidiaries, with certain exceptions.

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