Financing ·
T1 Energy Inc. entered into a Note Purchase Agreement on September 28, 2026, to sell an additional $50.0 million in…
TET1 Energy Inc.
T1 Energy Inc. entered into a Note Purchase Agreement on September 28, 2026, to sell an additional $50.0 million in aggregate principal amount of its 4.75% Convertible Senior Notes due 2031 to a qualified institutional buyer. The private placement closing is expected on September 30, 2026, generating approximately $50.4 million in gross proceeds. These funds will support the construction and development of Phase 1 infrastructure at its G2_Austin solar cell fab and serve as a bridge financing solution for remaining capital expenditures. Upon issuance, the total outstanding principal of the convertible notes series will reach $170.0 million. The company operates in the renewable energy sector, specifically manufacturing solar cells.