SEDG - SolarEdge Technologies Stock Is Tumbling Tuesday: What's Going On? | Benzinga
SolarEdge Technologies Inc (NASDAQ:SEDG) shares are trading lower Tuesday after the company announced a private offering of $300 million convertible senior notes due 2029.
What Happened: After the market close on Monday, SolarEdge said it intends to offer $300 million aggregate principal amount of Convertible Senior Notes due 2029 in a private offering to people reasonably believed to be qualified institutional buyers.
The initial purchasers are expected to be granted a 13-day option to purchase up to an additional $45 million aggregate principal amount of the notes on the same terms and conditions.
The final terms of the Notes, including the initial ...