Latham & Watkins Represents Fluence Energy, Inc. in Upsized US$400 Million Convertible Senior Notes Offering

Fluence Energy, Inc. (Nasdaq: FLNC), a global market leader delivering intelligent energy storage, operational services, and asset optimization software, has closed a private offering of US$400.0 million aggregate principal amount of 2.25% convertible senior notes due 2030. The offering size was increased from the previously announced offering size of US$300.0 million aggregate principal amount of Notes, and includes Notes issued as a result of the initial purchasers’ option to purchase additional Notes. The issuance and sale of the Notes settled on December 12, 2024.

Latham & Watkins LLP represented Fluence in the offering with a capital markets team led by New York partner Senet Bischoff, with associates Giulia Franzoso, Alexandra Kustra, and Daniel Weiss. Advice was also provided on equity derivatives matters by New York partner Reza Mojtabaee-Zamani, with associates Jack Neff, Hera Liao, and Henry Lin; and on tax matters by New York partners Bora Bozkurt and David Raab, with associate Michael Yu.