Bloom Energy Corp 8-K

What Happened
Bloom Energy Corporation announced on Dec. 19, 2025 that it entered into a Credit Agreement establishing a $600 million senior secured multicurrency revolving credit facility with Wells Fargo Bank, N.A. as administrative and collateral agent. The facility may be used for working capital, capital expenditures, permitted acquisitions and other general corporate purposes and matures on Dec. 19, 2030 (subject to acceleration on certain events).

Key Details

• Facility size: $600 million senior secured multicurrency revolving credit facility (borrowings available in USD, GBP, EUR, JPY, SGD and other approved currencies).
• Interest & fees: Company may choose Term SOFR + margin (1.50%–2.25%) or adjusted base rate + margin (0.50%–1.25%); commitment fee 0.20%–0.35% on undrawn amounts; customary letter of credit fees.
• Collateral: Secured by liens on substantially all tangible and intangible personal property (excluding intellectual property) and by pledges of subsidiaries’ equity subject to exceptions; as of the filing date all subsidiaries are “Immaterial Subsidiaries,” so their equity is not currently pledged.
• Covenants: Financial tests include a Secured Leverage Ratio ≤ 3.25:1.00 and a Consolidated Interest Coverage Ratio ≥ 3.00:1.00, each tested quarterly; usual restrictions on additional debt, dividends, certain investments and liens.
• Filing: Credit Agreement filed as Exhibit 10.1 to the Form 8‑K dated Dec. 23, 2025. The agreement creates a new direct financial obligation for the company (Item 2.03).

Why It Matters
This credit facility provides Bloom Energy with a $600M committed liquidity backstop and flexible multicurrency borrowing capacity through 2030, which can support operations, capital spending and acquisitions. The financial covenants and security package are key items for investors to watch because covenant compliance and the secured nature of the facility affect financial flexibility and the company’s ability to raise or use cash.