RSS Ormat Prices Secondary Offering Of 3.7 Mln Shares On Behalf Of Shareholder ORIX

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 RSS Ormat Prices Secondary Offering Of 3.7 Mln Shares On Behalf Of Shareholder ORIX

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Ormat Technologies, Inc., a leader in geothermal and renewable energy technology, has announced the pricing details for a secondary offering of 3.7 million shares of common stock. This transaction is being executed on behalf of shareholder ORIX Corp. The shares are priced at $76.20 each, with the closing date anticipated to be December 13.

Goldman Sachs & Co. LLC is acting as the lead manager and underwriter for this offering. The firm has also been granted an option to purchase an additional 555,000 shares from ORIX within a 30-day period.

It's important to note that Ormat Technologies will not be selling any of its own shares in this offering and will not benefit from the proceeds of this transaction.

On the previous trading day, Ormat Technologies' shares saw a marginal rise, closing at $80.19, up by 0.82 cents or 1.03% on the New York Stock Exchange. However, in after-hours trading, the share price showed a decrease of 4.60%, settling at $76.50.

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