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Ormat Technologies files prospectus for the raising of US$1.5 billion

Ormat Technologies files prospectus for the raising of US$1.5 billion Miravalles V - Ormat unit, Costa Rica (source: Ormat Technologies)
Alexander Richter 10 Nov 2011

Ormat Technologies has filed a shelf prospectus with the U.S. SEC for the raising of US$1.5 billion in equity and debt, replacing an earlier filing that expired in October 2011.

Reported this morning from Israel, U.S. NYSE listed Ormat Technologies (ORA) has filed a shelf prospectus with the U.S. Securities and Exchange Commission (SEC) for the raising of US$ 1.5 billion in equity and debt.

The shelf registration statement, when declared effective by the SEC, will replace Ormat Technologies’ previous shelf registration filing, which expired in October. The company will be able to use the prospectus to issue shares, bonds, warrants, and units from time to time at its discretion.

Ormat Industries, controlled by the Bronicki family, owns 60% of Ormat Technologies.”

The company’s current market capitalization is US$822 million and fell 6.9% in trading yesterday.

Source: Reuters, Globes