SolarEdge Technologies (SEDG) Prices $300M Convertible Notes Offering
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SolarEdge Technologies, Inc. Announces Pricing of Private Offering of $300 Million of 2.25% Convertible Senior Notes due 2029
June 26, 2024 7:00 AM EDTMILPITAS, Calif.--(BUSINESS WIRE)-- SolarEdge Technologies, Inc. (Nasdaq: SEDG) (SolarEdge) today announced the pricing of $300 million aggregate principal amount of 2.25% 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 has granted the initial purchasers of the Notes a 13-day option to purchase up to an additional $45 million aggregate principal amount of the Notes on the same terms and conditions. The sale of... More
