SolarEdge prices $300M of 2.25% convertible senior notes due 2029

SOLAREDGE TECHNOLOGIES, INC.

$300M principal at 2.25% interest, due July 1, 2029; initial purchasers have 13-day option for additional $45M.
Conversion price ~$34.32 per share (30% premium to June 24 closing price).
Net proceeds ~$293.2M ($337.2M if overallotment); ~$25.2M for capped calls, remainder to repurchase 2025 convertible notes and for general corporate purposes.
Closing expected June 28, 2024; notes are senior unsecured obligations.
Capped call transactions entered to reduce potential dilution upon conversion.

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