Item 8.01. Other Events.
On November 17, 2021, Stem, Inc. ("Stem" or the "Company") issued a press
release announcing the pricing of its offering of $400 million aggregate
principal amount of 0.50% green Convertible Senior Notes due 2028 (the "Notes")
in a private debt offering (the ("Offering"), which was upsized from the
previously announced $350 million offering, pursuant to an exemption from the
registration requirements of the Securities Act of 1933, as amended (the
"Securities Act"). In connection with the Offering, Stem granted the initial
purchasers of the Notes an option to purchase, for settlement within a 13-day
period from, and including, the date when the Notes are first issued, up to an
additional $60 million aggregate principal amount of the Notes on the same terms
and conditions.
The Notes will be sold to persons reasonably believed to be qualified
institutional buyers pursuant to Rule 144A under the Securities Act.
A copy of the press release announcing the pricing of the offering of the Notes
is attached hereto as Exhibit 99 and is incorporated by reference into this Item
8.01.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
The exhibit listed below is furnished pursuant to Item 9.01 of this Form 8-K.
Exhibit
No. Description
99 Press Release issued November 17, 2021
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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