Enlight Renewable Energy Ltd. announced on October 10, 2024, that it successfully raised approximately $133 million in debt through an expansion of its existing Series D notes on the Tel Aviv Stock Exchange. The notes were issued at an effective yield of 6.3% and have a duration of 3.7 years.
The proceeds from this offering are earmarked for investments across Enlight's extensive portfolio in the United States, Europe, and the MENA region. This capital infusion is crucial for advancing the company's large-scale renewable energy projects currently under development and construction.
This financing move underscores Enlight's ability to access capital markets efficiently to support its aggressive growth strategy. The funds will contribute to the continued expansion of its operational capacity and the conversion of its development pipeline into revenue-generating assets.
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