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Published on 3/21/2018 in the Prospect News Convertibles Daily.

Convertibles Calendar: Plug Power to price

March 22

PLUG POWER INC.

• $100 million of convertible notes due 2023

• Price talk for a coupon of 5% to 5.5% and an initial conversion premium of 20% to 25%

• Pricing after the market close Thursday

• Morgan Stanley & Co. LLC and Barclays

• Rule 144A

• Cover the cost of the call spread, the forward stock purchase transactions and for general corporate purposes

• Latham, N.Y.-based designer and manufacturer of hydrogen fuel cell systems


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