Loan & DebtMay 12, 2026, 06:12 AM
Enlight Renewable Energy to Raise ~$359M via Notes Offering
AI Summary
Enlight Renewable Energy Ltd. announced its intention to raise approximately NIS 1,015 million (approximately $359 million) through a notes offering, following prior undertakings from institutional investors totaling NIS 1,368 million. The company plans to use the net proceeds to execute its growth strategy, including investments in new projects, debt refinancing, and portfolio expansion. The offering is contingent on obtaining all necessary approvals, including from the Tel Aviv Stock Exchange.
Key Highlights
- Enlight Renewable Energy intends to accept prior undertakings for notes totaling approximately NIS 1,015 million (~$359 million).
- Institutional investors submitted prior undertakings for notes amounting to approximately NIS 1,368 million (~$472 million).
- The minimum unit price for the notes will be 1,040 NIS.
- Net proceeds from the offering will fund the company's growth plan, including new projects, debt refinancing, and portfolio expansion.
- The notes will have a duration until September 2033.
- The offering is subject to regulatory approvals, including from the Tel Aviv Stock Exchange Ltd.
- The public offering will be made only in Israel and not registered under the U.S. Securities Act.