08:17 AM EDT, 06/26/2024 (MT Newswires) -- SolarEdge Technologies ( SEDG ) said Wednesday that it has priced its private offering of $300 million of 2.25% convertible senior notes due 2029.

The company said the sale of the notes are slated to be settled on Friday.

SolarEdge ( SEDG ) said net proceeds from the offering, estimated at $293.2 after deducting fees and estimated expenses, will be used to pay the cost of the capped call transactions, repurchase certain of its convertible notes due 2025, and for general corporate purposes.

Shares of the company were down less than 1% in recent Wednesday premarket activity.

Price: 46.49, Change: -0.40, Percent Change: -0.85