Ormat Industries Ltd. (TASE: ORMT) subsidiary Ormat Technologies Inc. (NYSE: ORA) has filed a shelf prospectus with the US Securities and Exchange Commission (SEC) for the raising of $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 Industries.
Ormat Technologies' share price fell 3.2% in New York yesterday to $18.09, giving a market cap of $821 million, and Ormat Industries' share price fell 1.3% in morning trading on the TASE today to NIS 22.76, giving a market cap of NIS 2.7 billion.
Published by Globes [online], Israel business news - www.globes-online.com - on November 10, 2011
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