SolarEdge Technologies announces a $300M private placement of convertible senior notes.
SolarEdge Technologies (SEDG) announces a $300M private placement of convertible senior notes, set to mature in 2029. Funds will be used for capped call transactions, 2025 notes redemption, and general corporate purposes. The company faces a potential $11.4M loss from bankrupt customer PM&M Electric. SolarEdge reaffirms Q2 guidance, with revenues between $250M-$280M, a 0-4% gross margin, and operating expenses of $116M-$120M.
June 24, 2024
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