ChargePoint Secures $300M Financing By Antara Capital

• ChargePoint Holdings Inc (NYSE: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.