Ormat Technologies to issue USD 350 Million of Green Convertible Senior Notes
Ormat Technologies has recently announced plans to issue USD 350 Million of Green Convertible Senior Notes. The gross proceeds of the offering, at approximately USD 375 million, will be used by the company to fund sustainable projects.
With over five decades of experience, Ormat Technologies, Inc. is a leading geothermal company and the only vertically integrated company engaged in geothermal and recovered energy generation. Its current total generating portfolio is 1.1 GW with 1,025 MW of geothermal and solar generation portfolio that is spread globally in the U.S., Kenya, Guatemala, Indonesia, Honduras, and Guadeloupe, and an 88 MW energy storage portfolio that is located in the U.S.
Herzog Fox & Neeman represented the lead underwriter, Barclays, with a team led by Ron Ben-Menachem, Nir Dash and Joshua Ravitz.
