SolarEdge Technologies plans to offer $300 million in convertible senior notes due 2029, with an option for an additional $45 million. Proceeds will fund capped call transactions, redeem 2025 notes, and support general corporate purposes. The company reaffirms Q2 2024 guidance, expecting revenues of $250-280 million and solar segment revenues of $225-255 million.SolarEdge anticipates Q2 free cash usage of approximately $150 million, attributed to minority investments, customer credit extensions, U.S. manufacturing ramp-up, and slower accounts receivable payments. The company also disclosed that customer PM&M Electric, owing $11.4 million, has filed for Chapter 7 bankruptcy, potentially impacting debt collection.The convertible notes offering and financial projections are subject to market conditions and may change. SolarEdge cautions that these forward-looking statements involve risks and uncertainties, and actual results may differ materially from projections.

SolarEdge Technologies plans to offer $300 million in convertible senior notes due 2029, with an option for an additional $45 million. Proceeds will fund capped call transactions, redeem 2025 notes, and support general corporate purposes. The company reaffirms Q2 2024 guidance, expecting revenues of $250-280 million and solar segment revenues of $225-255 million.SolarEdge anticipates Q2 free cash usage of approximately $150 million, attributed to minority investments, customer credit extensions, U.S. manufacturing ramp-up, and slower accounts receivable payments. The company also disclosed that customer PM&M Electric, owing $11.4 million, has filed for Chapter 7 bankruptcy, potentially impacting debt collection.The convertible notes offering and financial projections are subject to market conditions and may change. SolarEdge cautions that these forward-looking statements involve risks and uncertainties, and actual results may differ materially from projections.