share_log

SolarEdge Technologies | 8-K: SolarEdge Technologies, Inc. Announces Pricing of Private Offering of $300 Million of 2.25% Convertible Senior Notes Due 2029

SolarEdge Technologies | 8-K: SolarEdge Technologies, Inc. Announces Pricing of Private Offering of $300 Million of 2.25% Convertible Senior Notes Due 2029

SolarEdge Technologies | 8-K:SolarEdge Technologies宣佈私募3億美元2029年到期的2.25%可轉換優先票據的定價
美股SEC公告 ·  2024/06/26 19:13

Moomoo AI 已提取核心訊息

SolarEdge Technologies announced the pricing of $300 million aggregate principal amount of 2.25% Convertible Senior Notes due 2029 in a private offering to qualified institutional buyers. The initial purchasers have a 13-day option to buy up to an additional $45 million in notes. The notes will mature on July 1, 2029, unless earlier repurchased, redeemed, or converted.The notes will be convertible into cash, shares of SolarEdge's common stock, or a combination thereof, at an initial conversion rate of 29.1375 shares per $1,000 principal amount (equivalent to $34.32 per share). SolarEdge estimates net proceeds of $293.2 million, or $337.2 million if the over-allotment option is exercised. The company plans to use $25.2 million for capped call transactions and the remainder to repurchase a portion of its 0.000% Convertible Notes due 2025 and for general corporate purposes.In connection with the offering, SolarEdge will enter into capped call transactions to reduce potential dilution. The sale is expected to settle on June 28, 2024, subject to customary closing conditions. The notes were offered only to qualified institutional buyers and have not been registered under the Securities Act.
SolarEdge Technologies announced the pricing of $300 million aggregate principal amount of 2.25% Convertible Senior Notes due 2029 in a private offering to qualified institutional buyers. The initial purchasers have a 13-day option to buy up to an additional $45 million in notes. The notes will mature on July 1, 2029, unless earlier repurchased, redeemed, or converted.The notes will be convertible into cash, shares of SolarEdge's common stock, or a combination thereof, at an initial conversion rate of 29.1375 shares per $1,000 principal amount (equivalent to $34.32 per share). SolarEdge estimates net proceeds of $293.2 million, or $337.2 million if the over-allotment option is exercised. The company plans to use $25.2 million for capped call transactions and the remainder to repurchase a portion of its 0.000% Convertible Notes due 2025 and for general corporate purposes.In connection with the offering, SolarEdge will enter into capped call transactions to reduce potential dilution. The sale is expected to settle on June 28, 2024, subject to customary closing conditions. The notes were offered only to qualified institutional buyers and have not been registered under the Securities Act.
SolarEdge Technologies宣佈以合格機構買方進行私募發行的方式,定價30000萬美元的2.25%可轉換高級票據,期限至2029年。初始購買者有13天的選項,可以再購買高達4500萬美元的票據。除非提前贖回、回購或轉換,否則這些票據將在2029年7月1日到期。這些票據可以轉換爲現金、SolarEdge普通股或兩者的組合,初始轉換比例爲每1000美元本金29.1375股(相當於每股34.32美元)。SolarEdge預計淨收益爲29320萬美元,如果行使超額配售選項,則爲33720萬美元。公司計劃將2520萬美元用於封頂回購交易,其餘金額用於回購部分2025年到期的0.000%可轉換票據及一般企業用途。與此次發行相關,SolarEdge將進行封頂回購交易以減少潛在的股權稀釋。此次銷售預計將在2024年6月28日結算,需滿足慣例的成交條件。這些票據僅向合格機構買方發售,並未根據《證券法》進行註冊。
SolarEdge Technologies宣佈以合格機構買方進行私募發行的方式,定價30000萬美元的2.25%可轉換高級票據,期限至2029年。初始購買者有13天的選項,可以再購買高達4500萬美元的票據。除非提前贖回、回購或轉換,否則這些票據將在2029年7月1日到期。這些票據可以轉換爲現金、SolarEdge普通股或兩者的組合,初始轉換比例爲每1000美元本金29.1375股(相當於每股34.32美元)。SolarEdge預計淨收益爲29320萬美元,如果行使超額配售選項,則爲33720萬美元。公司計劃將2520萬美元用於封頂回購交易,其餘金額用於回購部分2025年到期的0.000%可轉換票據及一般企業用途。與此次發行相關,SolarEdge將進行封頂回購交易以減少潛在的股權稀釋。此次銷售預計將在2024年6月28日結算,需滿足慣例的成交條件。這些票據僅向合格機構買方發售,並未根據《證券法》進行註冊。
声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息