ChargePoint Secures $300M Financing By Antara Capital

April 4, 2022 4:50 PM | 1 min read | Make a Comment

ChargePoint Holdings Inc CHPT says that Antara Capital LP has agreed to make a $300 million investment in ChargePoint by purchasing convertible senior notes to support ChargePoint’s growth initiatives.
Antara Capital LP will purchase a total aggregate principal amount of $300 million in 3.50% / 5.00% Convertible Senior Notes due 2027.
The transaction is expected to close on April 12, 2022.
The Notes will be convertible at an initial conversion price to be determined prior to closing.
The gross proceeds are expected to be $300 million before deducting fees and estimated offering expenses.
Price Action: CHPT shares are trading higher by 0.49% at $20.54 during the post-market session on Monday.

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