SolarEdge Technologies (SEDG) Announces Proposed Private Offering of $300 million of Convertible Senior Notes
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SolarEdge Technologies, Inc. Announces Proposed Private Offering of $300 million of Convertible Senior Notes
June 24, 2024 4:06 PM EDTMILPITAS, Calif.--(BUSINESS WIRE)-- SolarEdge Technologies, Inc. (Nasdaq: SEDG) (SolarEdge) today announced its intention to offer, subject to market conditions and other factors, $300 million aggregate principal amount of Convertible Senior Notes due 2029 (the Notes) in a private offering (the Offering) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act). In connection with the Offering, SolarEdge expects to grant the initial purchasers of the Notes a 13-day option to purchase up to an additional $45 million aggregate principal amount of the Notes... More
