Convertibles Calendar: Ormat on tap

June 22

ORMAT TECHNOLOGIES INC.:

• $350 million five-year convertible notes

• Greenshoe of $52.5 million

• Coupon of 2.25% to 2.75% and initial conversion premium of 30% to 35%

• Non-callable until July 21, 2025, then subject to a 130% hurdle

• Rule 144A

• Barclays and J.P. Morgan Securities LLC

• Fund the call spread, repurchase up to $25 million common stock in privately negotiated transactions, $221.9 million will be used to fund the prepayment of its series 3 bonds with remaining proceeds to be used for general corporate purposes

• Reno, Nev.-based geothermal energy company

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