BE seeks senior secured revolver with commitments up to $600M
Rhea-AI Filing Summary
Bloom Energy (BE) announced it is negotiating a senior secured Revolving Credit Facility under which it expects to obtain up to $600.0 million in revolving commitments. The company intends to use any borrowings for general corporate purposes, including funding working capital.
The contemplated facility is expected to include customary covenants that could limit the company’s ability to incur additional debt or liens, make investments, dispose of assets, enter into affiliate transactions, or pay dividends and distributions. Bloom Energy has not entered into any commitments; terms remain under discussion and are subject to change based on market conditions.
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Insights
Negotiated liquidity of up to
Bloom Energy is pursuing a senior secured revolving credit facility with potential commitments up to
Customary covenants are expected, which may restrict new debt, liens, dividends, asset sales, investments, and affiliate dealings. These terms can shape financial flexibility but are standard for secured facilities of this type.
The company notes it has not entered into commitments and that terms remain under discussion, influenced by market conditions. Subsequent disclosures may detail final size, pricing, and covenant thresholds after approval and execution.
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CURRENT REPORT
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| Item 8.01 | Other Events. |
Bloom Energy Corporation (“Bloom Energy” or the “Company”) is negotiating a senior secured credit facility pursuant to which it expects to obtain up to $600.0 million in revolving commitments (the “Revolving Credit Facility”).
The Company expects that the Revolving Credit Facility will contain customary covenants and conditions that are likely to, among other things, limit the Company’s ability to incur additional indebtedness, incur liens on assets, make investments, dispose of assets, enter into certain transactions with affiliates, or pay dividends and make distributions.
The Company intends to use the proceeds from the Revolving Credit Facility for general corporate purposes, including to fund working capital. As the Company has not yet entered into any commitments with respect to the Revolving Credit Facility, the terms of the Company’s financing arrangements remain under discussion, and are subject to change, including as a function of market conditions.
Forward-Looking Statements
This Current Report on Form 8-K includes forward-looking statements, including statements regarding the anticipated terms of the proposed Revolving Credit Facility, the execution and timing of the proposed Revolving Credit Facility, the intended use of the proceeds and the anticipated terms of, and the effects of entering into, the financing arrangements described above. Forward-looking statements represent Bloom Energy’s current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties are market conditions and volatility and uncertainty in the financial markets, including potential fluctuations in market interest rates, Bloom Energy’s ability to access debt and capital markets, Bloom Energy’s ability to make required payments under its financing arrangements and to comply with the various requirements of Bloom Energy’s indebtedness and other risks relating to Bloom Energy’s business, including those described in periodic reports that Bloom Energy files from time to time with the U.S. Securities and Exchange Commission. Bloom Energy may not enter into the proposed Revolving Credit Facility described in this Current Report on Form 8-K and, if the proposed Revolving Credit Facility is entered into, cannot provide any assurances regarding the final terms of the proposed Revolving Credit Facility or its ability to effectively apply the net proceeds as described above. The forward-looking statements included in this Current Report on Form 8-K speak only as of the date of this Current Report on Form 8-K, and Bloom Energy does not undertake to update the statements included in this Current Report on Form 8-K for subsequent developments, except as may be required by law.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| BLOOM ENERGY CORPORATION | ||||||
| Date: October 30, 2025 | By: | /s/ Shawn M. Soderberg | ||||
| Shawn M. Soderberg | ||||||
| Chief Legal Officer and Corporate Secretary | ||||||
FAQ
What financing is Bloom Energy (BE) negotiating?
How does Bloom Energy plan to use the potential proceeds?
Are the terms of the Bloom Energy credit facility finalized?
What covenants are expected in the Bloom Energy facility?
What is the structure of the financing Bloom Energy is pursuing?
