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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宣佈擬私募發行3億美元的可轉換優先票據
美股SEC公告 ·  2024/06/25 04:07

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SolarEdge Technologies plans to offer $300 million in convertible senior notes due 2029, with an option for an additional $45 million. Proceeds will fund capped call transactions, redeem 2025 notes, and support general corporate purposes. The company reaffirms Q2 2024 guidance, expecting revenues of $250-280 million and solar segment revenues of $225-255 million.SolarEdge anticipates Q2 free cash usage of approximately $150 million, attributed to minority investments, customer credit extensions, U.S. manufacturing ramp-up, and slower accounts receivable payments. The company also disclosed that customer PM&M Electric, owing $11.4 million, has filed for Chapter 7 bankruptcy, potentially impacting debt collection.The convertible notes offering and financial projections are subject to market conditions and may change. SolarEdge cautions that these forward-looking statements involve risks and uncertainties, and actual results may differ materially from projections.
SolarEdge Technologies plans to offer $300 million in convertible senior notes due 2029, with an option for an additional $45 million. Proceeds will fund capped call transactions, redeem 2025 notes, and support general corporate purposes. The company reaffirms Q2 2024 guidance, expecting revenues of $250-280 million and solar segment revenues of $225-255 million.SolarEdge anticipates Q2 free cash usage of approximately $150 million, attributed to minority investments, customer credit extensions, U.S. manufacturing ramp-up, and slower accounts receivable payments. The company also disclosed that customer PM&M Electric, owing $11.4 million, has filed for Chapter 7 bankruptcy, potentially impacting debt collection.The convertible notes offering and financial projections are subject to market conditions and may change. SolarEdge cautions that these forward-looking statements involve risks and uncertainties, and actual results may differ materially from projections.
SolarEdge Technologies計劃提供30000萬美元的可轉換優先票據,到期時間爲2029年,並有4500萬美元的額外選擇權。募集資金將用於資金限制的看漲交易,贖回2025年票據,並支持一般企業用途。公司重申2024年第二季度指導,預計收入在25000-28000萬美元,太陽能部門收入在22500-25500萬美元。SolarEdge預計第二季度自由現金使用約爲15000萬美元,這歸因於少數投資、客戶信用延長、美國製造業擴大和應收賬款支付緩慢。公司還披露,客戶PM&m Electric欠款1140萬美元,已申請第7章破產,可能會影響債務收回。可轉換票據發行和財務預測受市場條件影響,可能會變化。SolarEdge提醒,這些前瞻性聲明涉及風險和不確定性,實際結果可能與預測存在重大差異。
SolarEdge Technologies計劃提供30000萬美元的可轉換優先票據,到期時間爲2029年,並有4500萬美元的額外選擇權。募集資金將用於資金限制的看漲交易,贖回2025年票據,並支持一般企業用途。公司重申2024年第二季度指導,預計收入在25000-28000萬美元,太陽能部門收入在22500-25500萬美元。SolarEdge預計第二季度自由現金使用約爲15000萬美元,這歸因於少數投資、客戶信用延長、美國製造業擴大和應收賬款支付緩慢。公司還披露,客戶PM&m Electric欠款1140萬美元,已申請第7章破產,可能會影響債務收回。可轉換票據發行和財務預測受市場條件影響,可能會變化。SolarEdge提醒,這些前瞻性聲明涉及風險和不確定性,實際結果可能與預測存在重大差異。
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