Clean Energy Fuels announced that it intends to offer, subject to market conditions and other factors, $200 million aggregate principal amount of convertible senior notes due 2018 in a private placement.
Clean Energy also intends to grant the initial purchasers of the notes a 30-day option to purchase up to $30 million aggregate principal amount of additional notes.
The company expects to use the net proceeds of the offering to fund capital expenditures and for general corporate purposes.
[mappress] LNG World News Staff, September 10, 2013; Image: Clean Energy