TPI Composites, Inc. 5.25% 15-MAR-2028TPI Composites, Inc. 5.25% 15-MAR-2028TPI Composites, Inc. 5.25% 15-MAR-2028

TPI Composites, Inc. 5.25% 15-MAR-2028

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TPIC5768886 analysis



Key facts


Issue date
Feb 29, 2024
Maturity date
Mar 15, 2028
Outstanding amount
‪132.50 M‬USD
Face value
1,000.00USD
Minimum denomination
1,000.00USD
Coupon
5.25% (Fixed)
Yield to maturity
33.04%
TPI Composites, Inc. is a holding company, which engages in the manufacturing of composite wind blades for the wind energy market. It operates through the following geographical segments: United States (US), Mexico, Europe, the Middle East and Africa (EMEA), and India. The US segment manufactures precision molding and assembly systems used for automotive business at Warren, Rhode Island facility. The Mexico segment includes the manufacturing of wind blades at three facilities in Juárez, Mexico, and two facilities in Matamoros, Mexico. The EMEA segment refers to the manufacturing of wind blades at two facilities in Izmir, Türkiye, and wind blade inspection and repair services in Türkiye. The India segment manufactures wind blades at manufacturing facility in Chennai, India. The company was founded by Everett Pearson and Neil Tillotson in 1968 and is headquartered in Scottsdale, AZ.
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