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SolarEdge Technologies | 8-K: Solaredge Technologies, Inc. Announces Proposed Private Offering of $300 Million of Convertible Senior Notes

SolarEdge Technologies | 8-K: Solaredge Technologies, Inc. Announces Proposed Private Offering of $300 Million of Convertible Senior Notes

SolarEdge Technologies | 8-K:SolarEdge Technologies宣布拟私募发行3亿美元的可转换优先票据
美股SEC公告 ·  2024/06/24 22:07

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SolarEdge Technologies announced its intention to offer $300 million in Convertible Senior Notes due 2029, with an additional $45 million option for initial purchasers. The company plans to use proceeds to fund capped call transactions, redeem a portion of its 2025 Convertible Notes, and for general corporate purposes.The company reaffirmed its Q2 2024 guidance with expected revenues of $250-280 million and solar segment revenues of $225-255 million. However, it projects free cash usage of approximately $150 million in Q2, primarily due to discretionary minority investments, customer credit extensions, and U.S. manufacturing ramp-up costs.Additionally, SolarEdge disclosed that customer PM&M Electric, which owes $11.4 million under a secured promissory note, has filed for Chapter 7 bankruptcy. The company is monitoring the proceedings but cannot guarantee the recovery of the owed amount.
SolarEdge Technologies announced its intention to offer $300 million in Convertible Senior Notes due 2029, with an additional $45 million option for initial purchasers. The company plans to use proceeds to fund capped call transactions, redeem a portion of its 2025 Convertible Notes, and for general corporate purposes.The company reaffirmed its Q2 2024 guidance with expected revenues of $250-280 million and solar segment revenues of $225-255 million. However, it projects free cash usage of approximately $150 million in Q2, primarily due to discretionary minority investments, customer credit extensions, and U.S. manufacturing ramp-up costs.Additionally, SolarEdge disclosed that customer PM&M Electric, which owes $11.4 million under a secured promissory note, has filed for Chapter 7 bankruptcy. The company is monitoring the proceedings but cannot guarantee the recovery of the owed amount.
SolarEdge Technologies计划发行300000000美元的可转换高级票据,截止到2029年,并有额外45000000美元的选择权。所得款项将用于封顶看涨交易、赎回2025年的票据,并支持一般企业用途。该公司重申2024年第二季度的指导,预计收入为250000000-280000000美元,太阳能部门收入为225000000-255000000美元。SolarEdge预计在第二季度自由现金使用约为150000000美元,这与少数投资、客户信用扩展、美国制造业的快速增长和较慢的应收账款支付有关。公司还披露客户PM&m Electric所欠11400000美元,已申请第七章破产,可能会影响债务回收。可转换票据的发行和财务预测受市场条件影响,可能会变化。SolarEdge提醒,这些前瞻性声明存在风险和不确定性,实际结果可能与预测存在重大差异。
SolarEdge Technologies计划发行300000000美元的可转换高级票据,截止到2029年,并有额外45000000美元的选择权。所得款项将用于封顶看涨交易、赎回2025年的票据,并支持一般企业用途。该公司重申2024年第二季度的指导,预计收入为250000000-280000000美元,太阳能部门收入为225000000-255000000美元。SolarEdge预计在第二季度自由现金使用约为150000000美元,这与少数投资、客户信用扩展、美国制造业的快速增长和较慢的应收账款支付有关。公司还披露客户PM&m Electric所欠11400000美元,已申请第七章破产,可能会影响债务回收。可转换票据的发行和财务预测受市场条件影响,可能会变化。SolarEdge提醒,这些前瞻性声明存在风险和不确定性,实际结果可能与预测存在重大差异。
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