SolarEdge Technologies Announces Private Offering Of $300M Convertible Senior Notes Due 2029; Initial Purchasers Granted 13-Day Option To Buy Additional $45M Notes; Offering Targeted At Qualified Institutional Buyers Under Rule 144A
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SolarEdge Technologies has announced a private offering of $300 million in convertible senior notes due 2029. Initial purchasers have a 13-day option to buy an additional $45 million in notes. The offering is targeted at qualified institutional buyers under Rule 144A.
June 24, 2024 | 8:08 pm
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SolarEdge Technologies is issuing $300 million in convertible senior notes due 2029, with an option for an additional $45 million. This move is aimed at raising capital from qualified institutional buyers under Rule 144A.
The issuance of convertible senior notes is a strategic move to raise capital, which can be used for growth initiatives or debt repayment. This is generally seen as a positive sign, indicating the company's proactive financial management.
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