Eos Energy falls after announcing $500mn convertible note sale

Eos Energy falls after announcing $500mn convertible note sale

Eos Energy fell 3.6% after-hours after announcing plans to raise capital through $500 million in convertible notes due 2031, plus a direct stock offering managed by Goldman Sachs. Proceeds will go toward debt repayment and general operations. The company said the Department of Energy, which granted it a $303-million loan last year, approved the offerings.

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