Press Release
Press Release
Press Contacts: Erik Cummins, Matt Hyams, Olivia Thomas
12.15.23
A team of Pillsbury lawyers advised Nikola Corporation, an integrated truck and energy company transforming commercial transportation with its Class 8 vehicles, including hydrogen-fuel cell electric and battery-electric trucks, and its energy brand, HYLA, driving the advancement of the complete hydrogen refueling ecosystem, covering supply, distribution and dispensing, in its concurrent public offerings of $100 million of common stock and $175,000,000 aggregate principal amount of 8.25% Green Convertible Senior Notes due 2026.
BTIG acted as lead book-running manager and representative, and Baird, Bryan, Garnier & Co. and Wolfe | Nomura Alliance acted as joint book-running managers for the offerings.
According to its press release, Nikola intends to use the net proceeds from the common stock offering for working capital and other general corporate purposes and allocate an amount equal to the net proceeds from the convertible notes offering to finance, refinance, or make direct investments in one or more new or recently completed, current or future eligible projects in alignment with the guidelines of the Green Bond Principles, 2021.
Click here to learn more.
The Pillsbury deal team included Corporate partners Gabriella Lombardi, Stan Pierson and Julie Park, Finance senior counsel Kenneth Suh, Corporate associates Kendy Chan, Kristin Garr and Ann Kim, Tax partner Harsha Reddy and Finance counsel Shellka Arora-Cox and associate Olivia Lugar.