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Enlight (NASDAQ: ENLT) completes Israeli Series G notes public tender

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Enlight Renewable Energy Ltd. reports the completion of a public tender in Israel for its unsecured Series G notes, expanding an existing series. The company is expected to issue 976,176,000 notes of NIS 1 par value each, for an aggregate face value of NIS 1,015,223,040 (approximately $348,873,897 million). The tender cleared at a price of NIS 1,040 per note with a weighted discount rate of 1.045474%, and all notes were purchased by Israeli institutional and classified investors, each receiving 100% of its order. Enlight plans to use the net proceeds to support its growth plan, including new projects, debt refinancing and portfolio expansion. The notes mature on September 1, 2033 and are offered outside the United States under Regulation S, without registration under the U.S. Securities Act of 1933.

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Insights

Large Israeli note issuance strengthens funding for Enlight's growth plan.

Enlight Renewable Energy has completed an Israeli public tender for unsecured Series G notes, expanding an existing series and securing long-dated funding. The aggregate face value is NIS 1,015,223,040, with notes priced at NIS 1,040 per NIS 1 par value.

The weighted discount rate of 1.045474% and maturity on September 1, 2033 indicate relatively low-cost, long-term debt funding. All demand came from Israeli institutional and classified investors, suggesting solid local appetite for the company’s credit profile.

Management intends to direct net proceeds toward executing its growth plan, including new projects, debt refinancing and portfolio expansion. Actual impact will depend on project execution, interest-rate conditions, and the broader risk factors and uncertainties the company highlights, including regulatory change, construction risk and macroeconomic volatility.

Notes issued 976,176,000 notes Series G unsecured notes, NIS 1 par value each
Aggregate face value NIS 1,015,223,040 Total Series G notes issuance from public tender
Approximate USD value $348,873,897 million Approximate value of aggregate face amount
Tender price per note NIS 1,040 Price set in public tender for each NIS 1 par note
Weighted discount rate 1.045474% Weighted discount rate of Series G notes
Maturity date September 1, 2033 Final maturity of Series G notes
Series G notes financial
"the public tender of the Company’s unsecured Series G notes (the “Notes”)"
shelf offering report regulatory
"The Company filed a shelf offering report dated May 12, 2026"
A shelf offering report is a public filing that updates investors when a company uses a previously approved registration to sell securities over time. Think of it as a progress note on a standing permission slip: it shows what types and amounts of stock or bonds a company plans to sell, how much has already been sold, and any key terms. Investors care because it signals potential dilution of existing holdings, incoming capital that can fund growth or cover expenses, and timing that may affect share price and ownership.
shelf prospectus regulatory
"under the Company’s shelf prospectus dated August 28, 2024"
A shelf prospectus is a regulatory filing that pre-approves a company’s plan to sell shares or bonds over time without needing a new registration each time. Think of it as a menu the company files with regulators that lets it quickly “take items off the shelf” and raise money when market conditions are favorable. Investors care because it signals the company can issue new securities on short notice, which can affect ownership dilution and share price.
Regulation S regulatory
"Persons (as defined in Regulation S promulgated under the Securities Act)"
Regulation S is a set of rules that allows companies to sell securities (like shares or bonds) to investors outside the United States without having to follow all U.S. securities laws. It matters because it makes it easier for companies to raise money from international investors while still complying with U.S. regulations.
forward-looking statements regulatory
"This report on Form 6-K contains forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
dual listing financial
"the unknown effect of the dual listing of our ordinary shares"
A dual listing is when a company makes the same shares available on two different stock exchanges, often in different countries, so investors can buy and sell the same ownership stake in more than one market—like a shop opening branches in two cities that sell the same product. It matters to investors because it can widen the pool of buyers, make shares easier to trade, expose the stock to different currencies and rules, and create price differences or arbitrage opportunities that affect returns and risk.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13A-16 OR 15D-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of May 2026

 

Commission File Number: 001-41613

 

Enlight Renewable Energy Ltd.

(Translation of registrant’s name into English)

 

13 Amal St., Afek Industrial Park

Rosh Ha’ayin, Israel

+ 972 (3) 900-8700

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F                 Form 40-F

 

 
 

 

Enlight Renewable Energy Ltd. Announces the Results of the Public Tender in Israel for the Purchase

of the Company’s Series G Notes and the Completion of the Offering

 

Tel Aviv, Israel, May 13, 2026, Enlight Renewable Energy Ltd. (NASDAQ: ENLT, TASE: ENLT) (the “Company”) announced today that the public tender of the Company’s unsecured Series G notes (the “Notes”), by way of expansion of an existing series of such Notes, have concluded. The Company filed a shelf offering report dated May 12, 2026 (the “Offering Report”) under the Company’s shelf prospectus dated August 28, 2024, with the Tel Aviv Stock Exchange Ltd.

 

Based on the results of the tender, the Company is expected to issue 976,176,000 (NIS 1 par value each) in the aggregate face value of NIS 1,015,223,040 million (approximately $348,873,897 million). The price that was set in the public tender was NIS 1,040 per Note. The notes were sold without a discount. The weighted discount rate of the Notes is 1.045474%.

 

All of the Notes were ordered by Israeli institutional and classified investors as part of the institutional tender.

 

Each investor in the institutional phase of the offering was allocated 100% of its order. The Company plans on allocating the net proceeds from the offering towards execution of its growth plan, including, among others, investment in new projects, debt refinancing and portfolio expansion. The Notes mature on September 1, 2033.

 

The Notes will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States or to U.S. Persons (as defined in Regulation S promulgated under the Securities Act) without registration under the Securities Act or an exemption from the registration requirements of the Securities Act.

 

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Special Note Regarding Forward-Looking Statements

 

This report on Form 6-K contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this report on Form 6-K other than statements of historical fact, including, without limitation, statements regarding the Company’s expectations relating to projects, their financing, operational timeline, as well as estimated revenues and EBITDA, statements regarding the offering of the Notes, including the consideration of expanding the existing series of Notes, the Company’s intention to accept prior undertakings from Classified Investors and expectations about use of proceeds, are forward-looking statements. The words “may,” “might,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “target,” “seek,” “believe,” “estimate,” “predict,” “potential,” “continue,” “contemplate,” “possible,” “forecasts,” “aims” or the negative of these terms and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: uncertainties related to market conditions and completion of the offering of the Notes on the anticipated terms or at all; the timing of construction of any project; availability of, and access to, interconnection facilities and transmission systems; our ability to obtain and maintain governmental and other regulatory approvals and permits, including environmental approvals and permits; construction delays, operational delays and supply chain disruptions leading to increased cost of materials required for the construction of our projects, as well as cost overruns and delays related to disputes with contractors; disruptions in trade caused by political, social or economic instability in regions where our components and materials are made; our suppliers’ ability and willingness to perform both existing and future obligations; competition from traditional and renewable energy companies in developing renewable energy projects; potential slowed demand for renewable energy projects and our ability to enter into new offtake contracts on acceptable terms and prices as current offtake contracts expire; offtakers’ ability to terminate contracts or seek other remedies resulting from failure of our projects to meet development, operational or performance benchmarks; exposure to market prices in some of our offtake contracts; various technical and operational challenges leading to unplanned outages, reduced output, interconnection or termination issues; the dependence of our production and revenue on suitable meteorological and environmental conditions, and our ability to accurately predict such conditions; our ability to enforce warranties provided by our counterparties in the event that our projects do not perform as expected; government curtailment, energy price caps and other government actions that restrict or reduce the profitability of renewable energy production; electricity price volatility, unusual weather conditions (including the effects of climate change, could adversely affect wind and solar conditions), catastrophic weather-related or other damage to facilities, unscheduled generation outages, maintenance or repairs, unanticipated changes to availability due to higher demand, shortages, transportation problems or other developments, environmental incidents, or electric transmission system constraints and the possibility that we may not have adequate insurance to cover losses as a result of such hazards; our dependence on certain operational projects for a substantial portion of our cash flows; our ability to continue to grow our portfolio of projects through successful acquisitions; changes and advances in technology that impair or eliminate the competitive advantage of our projects or upsets the expectations underlying investments in our technologies; our ability to effectively anticipate and manage cost inflation, interest rate risk, currency exchange fluctuations and other macroeconomic conditions that impact our business; our ability to retain and attract key personnel; our ability to manage legal and regulatory compliance and litigation risk across our global corporate structure; our ability to protect our business from, and manage the impact of, cyber-attacks, disruptions and security incidents, as well as acts of terrorism or war; changes to existing renewable energy industry policies and regulations that present technical, regulatory and economic barriers to renewable energy projects; the reduction, elimination or expiration of government incentives for, or regulations mandating the use of, renewable energy; our ability to effectively manage the global expansion of the scale of our business operations; our ability to perform to expectations in our new line of business involving the construction of PV systems for municipalities in Israel; our ability to effectively manage our supply chain and comply with applicable regulations with respect to international trade relations, tariffs, sanctions, export controls and anti-bribery and anti-corruption laws; our ability to effectively comply with Environmental Health and Safety and other laws and regulations and receive and maintain all necessary licenses, permits and authorizations; our performance of various obligations under the terms of our indebtedness (and the indebtedness of our subsidiaries that we guarantee) and our ability to continue to secure project financing on attractive terms for our projects; limitations on our management rights and operational flexibility due to our use of tax equity arrangements; potential claims and disagreements with partners, investors and other counterparties that could reduce our right to cash flows generated by our projects; our ability to comply with increasingly complex tax laws of various jurisdictions in which we currently operate as well as the tax laws in jurisdictions in which we intend to operate in the future; our ability to obtain tax benefits and credits in the U.S. or other jurisdictions; the unknown effect of the dual listing of our ordinary shares on the price of our ordinary shares; various risks related to our incorporation and location in Israel, including the ongoing war in Israel, where our headquarters and some of our wind energy and solar energy projects are located; the costs and requirements of being a public company, including the diversion of management’s attention with respect to such requirements; certain provisions in our Articles of Association and certain applicable regulations that may delay or prevent a change of control; and other risk factors set forth in the section titled “Risk factors” in our Annual Report on Form 20-F for the fiscal year ended December 31, 2025, filed with the Securities and Exchange Commission (the “SEC”), as may be updated in our other documents filed with or furnished to the SEC.

 

These statements reflect management’s current expectations regarding future events and operating performance and speak only as of the date of this Form 6-K. You should not put undue reliance on any forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by applicable law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

Enlight Renewable Energy Ltd.

     
Date: May 13, 2026 By:

/s/ Lisa Haimovitz

    Lisa Haimovitz
    VP General Counsel

 

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FAQ

What did Enlight Renewable Energy (ENLT) announce in this Form 6-K?

Enlight Renewable Energy announced completion of a public tender in Israel for its unsecured Series G notes, expanding an existing series and locking in long-term funding to support its growth plan, debt refinancing and portfolio expansion across its renewable energy projects.

How large is Enlight Renewable Energy's new Series G notes issuance?

The company expects to issue 976,176,000 Series G notes with NIS 1 par value each, for an aggregate face value of NIS 1,015,223,040 (approximately $348,873,897 million), providing substantial long-term capital for project investment, debt refinancing and portfolio expansion activities.

What pricing and discount rate did Enlight obtain for the Series G notes?

The public tender set a price of NIS 1,040 per Series G note with a weighted discount rate of 1.045474%. The notes were sold without a discount, indicating investors were willing to pay a premium over par for Enlight’s unsecured long-term debt issuance.

Who bought Enlight Renewable Energy's Series G notes in the tender?

All of the Series G notes were ordered by Israeli institutional and classified investors during the institutional tender phase. Each such investor received 100% of its order, reflecting strong institutional demand for Enlight’s unsecured notes within the Israeli capital market.

How will Enlight Renewable Energy (ENLT) use the proceeds from the Series G notes?

Enlight plans to allocate net proceeds to execute its growth plan, including investment in new renewable energy projects, debt refinancing and portfolio expansion. This supports both ongoing development activities and potential optimization of its existing capital structure through refinancing efforts.

What are the maturity and U.S. offering restrictions on Enlight's Series G notes?

The Series G notes mature on September 1, 2033, providing long-term funding. They are not registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States or to U.S. Persons without registration or an applicable exemption under Regulation S.