The company issued $402,500,000 in principal amount of 3.00% Green Convertible Senior Notes due 2029, dated May 29, 2024, including $52,500,000 from the full exercise of the initial purchasers' option to buy additional notes.

1. 01

   The company issued $402,500,000 in principal amount of 3.00% Green Convertible Senior Notes due 2029, dated May 29, 2024, including $52,500,000 from the full exercise of the initial purchasers' option to buy additional notes.

2. 02

   The company said the notes pay interest at 3.00% a year, semi-annually in arrears on June 1 and December 1, mature on June 1, 2029, and have an initial conversion price of about $20.84 per share of Class A common stock.

3. 03

   The company said it used about $141.8 million of the net proceeds from the May 29, 2024 notes offering to repurchase $115.0 million in principal amount of its 2.50% Green Convertible Senior Notes due 2025 in privately negotiated transactions.

4. 04

   The company said up to 25,588,011 shares of Class A common stock may be issued upon conversion, and that it may redeem the notes at its option after June 7, 2027 if conditions are met, including the last reported sale price of its Class A common stock exceeding 130% of the conversion price.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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