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Fermi Prices Upsized $375 Million Convertible Senior Notes Offering

MT Newswires·07/10/2026 03:20:49
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03:20 AM EDT, 07/10/2026 (MT Newswires) -- Fermi (FRMI.L) said Friday it priced an upsized offering of $375 million of 5% convertible senior notes due 2031. The electric grid developer plans to use the net proceeds to pay the cost of capped call transactions and for general corporate purposes. The sale is scheduled to close on July 14. The company also granted initial purchasers a 13-day option to buy up to an additional $56.3 million of notes.