T1 Energy (TE) Prices Upsized $160M Convertible Senior Notes Offering

On April 14, 2026, T1 Energy Inc. (NYSE:TE) priced its underwritten nationalist offering of $160.0M successful 4.00% convertible elder notes owed 2031, accrued from the antecedently announced $125.0M. The institution plans to usage proceeds for operation and infrastructure improvement and accumulation instrumentality for Phase 1 of its G2_Austin star compartment installation with 2.1 GW capacity, arsenic good arsenic wide firm purposes, portion targeting further financing that includes a important indebtedness constituent for remaining superior expenditures. The notes person an archetypal conversion complaint of 146.9724 shares per $1,000 main amount, equivalent to a conversion terms of astir $6.80 per share, representing a 40% premium to the April 14 closing terms of $4.86 connected the NYSE.

On March 31, 2026, T1 Energy reported Q4 gross of $358.6M versus a statement of $368.2M. Dan Barcelo said 2025 was a “defining year” arsenic the institution expanded partnerships, including a semipermanent offtake statement with Treaty Oak Clean Energy, ramped accumulation astatine its G1_Dallas facility, and secured much than $440M successful capital. The institution besides began operation of Phase 1 of G2_Austin and completed transactions to sphere eligibility for Section 45X taxation credits, including its archetypal merchantability of specified credits to a U.S. fiscal institution.

T1 Energy maintained its 2026 accumulation and income guidance of 3.1–4.2 GW and said it is sourcing cells from planetary suppliers during the modulation play up of G2_Austin production, with plans to nutrient modules astatine G1_Dallas utilizing an expanding planetary supplier base.

T1 Energy Inc. (NYSE:TE) provides star modules and compartment vigor solutions crossed the United States, Norway, and planetary markets.

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