Milbank LLP advised the initial purchasers in connection with an offering by Plug Power Inc. (NASDAQ: PLUG) of $375 million of its 6.75% convertible senior notes due 2033. Concurrent with the closing of the notes offering, the initial purchasers exercised their option to purchase an additional $56.25 million principal amount of notes, bringing the aggregate principal amount to $431.25 million.
Plug Power is a US-based renewable energy company and provider of hydrogen and fuel cell systems. Their products and solutions support a variety of commercial operations powered with clean hydrogen.
The Milbank team was led by Corporate Finance and Securities partner Brett Nadritch and included special counsel Alex Becker, associates Ian Hunley, Heaven Johnson and Zachary Moon and law clerk Charlene Sun.
