Array Technologies Closes Upsized Offering of Its 2.875% Convertible Senior Notes

Array Technologies Closes Upsized Offering of Its 2.875% Convertible Senior Notes

$345 million raised; approximately $334 million of net proceeds$233 million of term loan outstanding balance to be repaid with proceeds$78 million of proceeds used to repurchase $100 million principal of 1.00% Convertible Senior Notes due 2028$35 million of proceeds used…

Array Technologies Completes Massive $345M Debt Restructuring, Saves $9M Annually

Array Technologies strengthens balance sheet with $345M convertible notes, reducing annual interest by $9M. See how this strategic refinancing enhances financial flexibility.