TE•T1 Energy priced a $50 million add-on offering of 4.75% convertible senior notes due 2031, with gross proceeds of $50.4 million. Proceeds are earmarked for Phase 1 of its G2_Austin solar cell fab buildout.
The private placement is expected to close Sept. 30, 2026, subject to customary conditions. It adds to $120 million of notes sold July 31, 2026, bringing the total outstanding to $170 million. Remaining capital expenditures are targeted for broader debt financing. The purchaser will receive resale registration rights for shares underlying the notes, and T1 Energy expects to file a registration statement with the SEC within 30 days of closing.
