| Issuer / Guarantor | T1 Energy Inc |
|---|---|
| Size | USD 184mn |
| Type | Convertible |
| Leads | Santander, JP Morgan, BTIG, HSBC, Societe Generale |
| Maturity | 15 Apr 2031 (5 years) |
| Coupon | 4% (3.75 - 4.25%) |
| Premium | 40% (35 - 40%) |
| Calls | NC3; PC @ 130% w table MW |
| Puts | t/o @ 100% |
| Div protection | Ratio adjustment (Full) |
| T/o protection | Make-whole table |
| CoCo | 130% to Jan 2031 (4.7 yrs) |
| Announced | 14 Apr 2026 |