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SolarEdge Technologies | 8-K: Indenture and Notes and Capped Call Transactions

SolarEdge Technologies | 8-K: Indenture and Notes and Capped Call Transactions

SolarEdge Technologies | 8-K:契约和票据及上限看涨期权交易
美股SEC公告 ·  2024/06/29 04:30

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SolarEdge Technologies has successfully issued $300 million of 2.250% Convertible Senior Notes due 2029 through a private placement to qualified institutional buyers. The notes will bear semiannual interest payments starting January 1, 2025, with an initial conversion price of $34.32 per share. The net proceeds amounted to approximately $293.2 million after deducting fees and expenses.The company allocated $25.2 million to enter into capped call transactions with multiple financial institutions to reduce potential dilution, with a cap price set at $48.84. Additionally, approximately $267.9 million of the proceeds will be used to repurchase $285.0 million of its outstanding 0.000% Convertible Notes due 2025.The notes are convertible under specific conditions before April 1, 2029, and freely convertible thereafter. The company may redeem the notes on or after July 6, 2027, if the stock price reaches 130% of the conversion price for a specified period. The notes represent senior unsecured obligations of SolarEdge, ranking equally with other unsecured liabilities.
SolarEdge Technologies has successfully issued $300 million of 2.250% Convertible Senior Notes due 2029 through a private placement to qualified institutional buyers. The notes will bear semiannual interest payments starting January 1, 2025, with an initial conversion price of $34.32 per share. The net proceeds amounted to approximately $293.2 million after deducting fees and expenses.The company allocated $25.2 million to enter into capped call transactions with multiple financial institutions to reduce potential dilution, with a cap price set at $48.84. Additionally, approximately $267.9 million of the proceeds will be used to repurchase $285.0 million of its outstanding 0.000% Convertible Notes due 2025.The notes are convertible under specific conditions before April 1, 2029, and freely convertible thereafter. The company may redeem the notes on or after July 6, 2027, if the stock price reaches 130% of the conversion price for a specified period. The notes represent senior unsecured obligations of SolarEdge, ranking equally with other unsecured liabilities.
SolarEdge Technologies 于2024年6月28日在定向增发中售出了30000万美元的2.250%可转债,期限至2029年。这些债券可以按每1000美元本金转换成29.1375股普通股,期限至2029年7月1日。公司在扣除费用和开支后筹集了29320万美元的净收益。SolarEdge 用2520万美元进行有上限的期权交易,行权价与债券的转换价格相匹配,上限价格为48.84美元。这些交易旨在减少由于债券转换造成的潜在稀释。此外,26790万美元被用于回购发行中的28500万美元的0.000%可转债,期限至2025年。这些债券是SolarEdge的优先无担保义务,与其他无担保负债同等排名。它们的年利率为2.250%,每年支付两次利息。持有者可以在2029年4月1日之前的特定情况下转换,之后可以自由转换。公司可以在2027年7月6日根据特定条件赎回这些债券。
SolarEdge Technologies 于2024年6月28日在定向增发中售出了30000万美元的2.250%可转债,期限至2029年。这些债券可以按每1000美元本金转换成29.1375股普通股,期限至2029年7月1日。公司在扣除费用和开支后筹集了29320万美元的净收益。SolarEdge 用2520万美元进行有上限的期权交易,行权价与债券的转换价格相匹配,上限价格为48.84美元。这些交易旨在减少由于债券转换造成的潜在稀释。此外,26790万美元被用于回购发行中的28500万美元的0.000%可转债,期限至2025年。这些债券是SolarEdge的优先无担保义务,与其他无担保负债同等排名。它们的年利率为2.250%,每年支付两次利息。持有者可以在2029年4月1日之前的特定情况下转换,之后可以自由转换。公司可以在2027年7月6日根据特定条件赎回这些债券。
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