---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-032467"
form_type: "8-K"
ticker: "ORA"
cik: "0001296445"
company_name: "ORMAT TECHNOLOGIES, INC."
filed_at: "2026-03-23T23:59:59+00:00"
generated_at: "2026-05-15T09:20:29.122150+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ormat closes $1B convertible note offering; repurchases $286M of 2027 notes and $25M common stock

## Summary
- $1B aggregate convertible notes: $825M Series A (1.50%) and $175M Series B (0.00%), due 2031; initial conversion price ~$140.40/share.
- Net proceeds ~$975.7M; used $287.9M + $25M cash + 0.6M shares to repurchase $285.9M of existing 2.50% 2027 notes.
- Also used $25M of proceeds to repurchase common stock at $108/share in private transactions to offset dilution.
- Series B notes may be put to Ormat on March 15, 2027 at par; company may redeem notes on/after March 20, 2029 if stock hits 130% conversion price.
- Remaining net proceeds for general corporate purposes.

## SEC filing metadata
- accession: 0001213900-26-032467
- form_type: 8-K
- ticker: ORA
- cik: 0001296445
- company_name: ORMAT TECHNOLOGIES, INC.
- filed_at: 2026-03-23T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1296445/000121390026032467/0001213900-26-032467-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1296445/000121390026032467/ea0282703-8k_ormat.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-032467
- JSON: https://secwatch.observer/filing/0001213900-26-032467.json
- Plain text: https://secwatch.observer/filing/0001213900-26-032467.txt

## Source-grounded claims
- claim_id: 4b7aa97361ea2f6ff26249b082134a0fb989c7b0
  claim: ORMAT TECHNOLOGIES, INC. incurred convertible notes of $1 billion aggregate principal amount with U.S. Bank Trust Company, National Association, as trustee at 1.50% per year for Series A Notes; 0.00% for Series B Notes maturing March 15, 2031.
  evidence_excerpt: On March 20, 2026, Ormat Technologies, Inc. (the "Company") completed its previously announced offering of $1 billion aggregate principal amount of convertible senior notes, consisting of (i) $825 million aggregate principal amount of 1.50% Series A Convertible Senior Notes due 2031 (the "Series A Notes") and (ii) $175 million aggregate principal amount of 0.00% Series B Convertible Senior Notes due 2031 (the "Series B Notes" and, together with the Series A Notes, the "Notes"), in each case, including the exercise in full of the initial purchasers' options to purchase an additional $100 million and $25 million of Series A Notes and Series B Notes, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1296445/000121390026032467/0001213900-26-032467-index.htm
- claim_id: 307c8a835eeb81c9ad2badbca183f4d78a1af0b4
  claim: ORMAT TECHNOLOGIES, INC. entered into Series A Notes Indenture with U.S. Bank Trust Company, National Association valued at $1 billion aggregate principal amount of convertible senior notes (effective 2026-03-20).
  evidence_excerpt: On March 20, 2026, Ormat Technologies, Inc. (the "Company") completed its previously announced offering of $1 billion aggregate principal amount of convertible senior notes
  evidence_url: https://www.sec.gov/Archives/edgar/data/1296445/000121390026032467/0001213900-26-032467-index.htm
- claim_id: 76953482f9b9d34a36218a6da582b71209850c61
  claim: ORMAT TECHNOLOGIES, INC. entered into Series B Notes Indenture with U.S. Bank Trust Company, National Association valued at $1 billion aggregate principal amount of convertible senior notes (effective 2026-03-20).
  evidence_excerpt: The Series B Notes were issued pursuant to an indenture, dated March 20, 2026 (the "Series B Notes Indenture" and, together with the Series A Indenture, the "Indentures"), between the Company and the Trustee.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1296445/000121390026032467/0001213900-26-032467-index.htm

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