Ormat goes overseas to issue $142 million in bonds

In Nevada, Ormat Technologies, Inc. has entered into a trust instrument governing the issuance of, and accepted subscriptions for, approximately $142 million in aggregate principal amount, of senior unsecured bonds issued outside the U.S. The bonds have not been registered under the Securities Act and thus may not be offered or sold in the U.S. Ormat was not specific about what it intended to do with the money, other than to say it would use the proceeds for “general corporate purposes, which may include the repayment of existing indebtedness and the acquisition, directly or indirectly, of additional energy assets, including by way of construction, enhancement and expansion of its existing projects.”