Ormat announces $750 million convertible notes offering for debt refinancing and buybacks

Summary

Ormat Technologies plans to offer $750 million in convertible notes to refinance existing debt and fund stock buybacks. The offering aims to improve the company's financial flexibility and reduce interest expenses.

Recent Coverage

• Ormat Technologies, Inc. Announces Closing of Upsized $1 Billion Convertible Senior Notes Offering

  GlobeNewswire - Energy • Mar 23

• Ormat Technologies prices offering of $875M convertible debt

  Seeking Alpha - Utilities • Mar 18

• Ormat plans $750 million convertible notes offering to refinance debt, fund buybacks

  Seeking Alpha - Utilities • Mar 17