Ormat Technologies, Inc. Announces Proposed Offering of $600 Million of Series A Convertible Senior Notes and $150 Million of Series B Convertible Senior Notes

NodeGuardian · 2026-03-27T14:36:35+00:00

Ormat Technologies, Inc. plans to offer $600 million in Series A and $150 million in Series B Convertible Senior Notes, maturing in 2031. Proceeds will fund repurchases of existing convertible notes and for general corporate use.

NodeGuardian

2026-03-27 14:36:35

Abstract generation in progress

Ormat Technologies, Inc. announced its intention to offer $600 million in Series A Convertible Senior Notes due 2031 and $150 million in Series B Convertible Senior Notes due 2031 through private offerings. The company plans to use the proceeds, along with cash on hand, to repurchase existing 2027 convertible notes and common stock, and for general corporate purposes. Both series of notes will mature on March 15, 2031, are unsecured senior obligations, and may be convertible by holders under specific conditions.

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