RENO, Nev., June 22, 2022 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) (“Company” or “Ormat”) announced today that it priced an upsized private offering of $375.0 million aggregate principal amount of 2.50% Green Convertible Senior Notes due 2027 (the “Notes”). The Notes will only be sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company also granted to the initial purchasers an option to purchase, within a 13-day period beginning on, and including, the date on which the Notes are first issued, up to an additional $56.25 million aggregate principal amount of Notes. The sale is expected to close on June 27, 2022, subject to satisfaction of the conditions to closing.
Ormat Technologies, Inc. Announces Pricing of Upsized $375 Million Offering of Green Convertible Senior Notes
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