T1 Energy Announces Proposed Concurrent Public Offerings of Convertible Senior Notes Due 2030 and Common Stock

Core Viewpoint - T1 Energy Inc. announced proposed public offerings totaling $260 million, consisting of $120 million in convertible senior notes and $140 million in common stock [1][3]. Group 1: Offering Details - The company plans to offer $120 million in convertible senior notes due 2030 and $140 million in common stock [1]. - Underwriters will have a 30-day option to purchase an additional $18 million in convertible notes and $21 million in common stock to cover over-allotments [2]. Group 2: Use of Proceeds - Net proceeds from the offerings will be used to comply with foreign entities of concern provisions, repay certain indebtedness, and for working capital and infrastructure related to the G2_Austin facility [3]. - The offerings are not contingent upon each other and are subject to market conditions [3]. Group 3: Company Background - T1 Energy Inc. is an energy solutions provider focused on building a U.S. supply chain for solar and batteries, having completed a transformative transaction in December 2024 [5]. - The company is positioned as a leading solar manufacturer in the U.S. and is exploring opportunities in Europe [5].