---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-035192"
form_type: "8-K"
ticker: "ORA"
cik: "0001296445"
company_name: "ORMAT TECHNOLOGIES, INC."
filed_at: "2022-06-27T23:59:59+00:00"
generated_at: "2026-06-24T22:51:34.672294+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ormat Technologies issues $375M 2.50% Green Convertible Notes due 2027

## Summary
- Issued $375M aggregate principal of 2.50% Senior Convertible Notes due July 15, 2027.
- Initial conversion price ~$90.27/share, conversion rate 11.0776 shares per $1,000 principal.
- Net proceeds ~$364.9M after fees; used ~$221.9M to prepay Series 3 Bonds, ~$18M for share repurchase, ~$21.3M for capped call transactions.
- Entered into capped call transactions with cap price ~$107.63/share to reduce potential dilution upon conversion.
- Initial purchasers have option to buy additional $56.25M notes; exercise expected to close June 29, 2022.

## SEC filing metadata
- accession: 0001213900-22-035192
- form_type: 8-K
- ticker: ORA
- cik: 0001296445
- company_name: ORMAT TECHNOLOGIES, INC.
- filed_at: 2022-06-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1296445/000121390022035192/0001213900-22-035192-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1296445/000121390022035192/ea162086-8k_ormattech.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-035192
- JSON: https://secwatch.observer/filing/0001213900-22-035192.json
- Plain text: https://secwatch.observer/filing/0001213900-22-035192.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.