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T1 Energy Announces Proposed Public Offering of Convertible Senior Notes Due 2031
AUSTIN, Texas and NEW YORK, April 14, 2026 (GLOBE NEWSWIRE) -- T1 Energy Inc. (NYSE: TE) (“T1,” “T1 Energy,” or the “Company”) today announced a proposed underwritten public offering of $125.0 million aggregate principal amount of its convertible senior notes due 2031 (the “Convertible Notes” and such offering, the “Offering”). The Company intends to grant the underwriters a 30-day option to purchase up to an additional $18.75 million aggregate principal amount of Convertible Notes, solely to co
About this update from T1 Energy Inc.
[{"type":"image","alt":"T1 Energy Inc.","displaySize":"","headline":null,"caption":"T1 Energy Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":257,"height":89,"url":"https://media.zenfs.com/en/globenewswire.com/fbebe5b9d57cbf630987ebd718411685"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/hR9wQYeYNOAPvA1AOZ9VfQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE0NQ--/https://media.zenfs.com/en/globenewswire.com/fbebe5b9d57cbf630987ebd718411685","width":257,"height":89}},"lazy":false},{"type":"text","content":"AUSTIN, Texas and NEW YORK, April 14, 2026 (GLOBE NEWSWIRE) -- T1 Energy Inc. (NYSE: TE) (“T1,” “T1 Energy,” or the “Company”) today announced a proposed underwritten public offering of $125.0 million aggregate principal amount of its convertible senior notes due 2031 (the “Convertible Notes” and such offering, the “Offering”).","length":329,"tagName":"p"},{"type":"text","content":"The Company intends to grant the underwriters a 30-day option to purchase up to an additional $18.75 million aggregate principal amount of Convertible Notes, solely to cover over-allotments in the Offering.","length":206,"tagName":"p"},{"type":"text","content":"The Company expects to use the net proceeds from the Offering for (i) construction and development of infrastructure and purchase of production line equipment relating to Phase 1 of its G2_Austin solar cell fab with 2.1 GW of capacity and (ii) general corporate purposes. T1 is targeting a larger financing solution, that includes a significant debt component, to fund the remaining balance of capital expenditures for Phase 1 of G2_Austin. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the proposed offering may be completed, or as to the actual size or terms of the offering.","length":648,"tagName":"p"},{"type":"text","content":"Santander and J.P. Morgan are acting as joint bookrunning managers for the Offering. The Company has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (the “SEC”) as well as a preliminary prospectus supplement with respect to the Offering to which this communication relates. Before you invest, you should read the preliminary prospectus supplement and the prospectus in that registration statement and other documents the Company has filed with the SEC for m...