Enlight Renewable (ENLT) NIS 550m Series G bonds rated ‘ilA’

Rhea-AI Filing Summary

Enlight Renewable Energy Ltd. received an ‘ilA’ rating from S&P Maalot for an unsecured bond issuance of up to NIS 550 million par value through an expansion of Series G. The proceeds are expected to be used mainly for ongoing corporate activity and refinancing existing debt.

The company’s long-term issuer rating remains ilA/Stable, and other bond series, including C, D, F, G and H, also carry ilA ratings, while a senior secured loan for PV and storage projects is rated ilA+. The rating action was requested by the issuer and reflects S&P Maalot’s current credit opinion.

Insights

Credit markets analyst

S&P Maalot rates Enlight’s new NIS 550m Series G bond ‘ilA’.

S&P Maalot assigned an ‘ilA’ rating to Enlight Renewable Energy’s unsecured bond issuance of up to NIS 550 million par value via an expansion of Series G. The company’s long-term issuer rating remains ilA/Stable, indicating a consistent view of its credit quality.

The proceeds are earmarked mainly for ongoing activity and refinancing existing debt, so the transaction helps manage the liability profile rather than funding a one-off project. Other series of senior unsecured debt are also rated ilA, while a secured loan for PV and storage projects holds an ilA+ rating, underscoring stronger protection there.

The rating was requested by the issuer, and the event time is disclosed as 04/05/2026 16:22. Future rating changes would depend on S&P Maalot’s periodic surveillance, but no change to the issuer’s ilA/Stable outlook is indicated in this excerpt.

Key Figures

Series G bond issuance size: Up to NIS 550 million par value Issuer long-term rating: ilA/Stable Series G bond rating: ilA +2 more

5 metrics

Series G bond issuance size Up to NIS 550 million par value Unsecured bonds to be issued by Enlight Renewable Energy

Issuer long-term rating ilA/Stable Issuer rating for Enlight Renewable Energy as of January 7, 2026

Series G bond rating ilA Unsecured Series G bonds, including new expansion

Senior secured loan rating ilA+ Loan to finance PV and storage projects under market arrangement

Event time 04/05/2026 16:22 Time of the rating event and when it was learned of

Key Terms

unsecured bonds, par value, issuer rating, Senior unsecured debt, +2 more

6 terms

unsecured bonds financial

"S&P Maalot hereby assigns its ‘ilA’ rating to unsecured bonds of up to NIS 550 million par value"

Unsecured bonds are loans a company issues that are not backed by specific assets or collateral; investors rely on the issuer’s promise to pay rather than a claim on property if the company fails. They matter to investors because they carry higher risk than secured debt—so issuers usually pay higher interest—but also sit behind secured creditors in repayment order, which affects potential recovery if the issuer defaults.

par value financial

"assigns its ‘ilA’ rating to unsecured bonds of up to NIS 550 million par value"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

issuer rating financial

"Issuer rating(s) Long term ilA/Stable 07/01/2026 07/01/2026"

An issuer rating is a standardized assessment of how likely an organization is to meet its financial obligations, similar to a credit score for a borrower. Investors use it to judge risk: higher ratings suggest lower chance of default and typically mean cheaper borrowing costs and lower yields, while lower ratings signal higher risk, potential price volatility for bonds, and a need for closer scrutiny when deciding whether to invest.

Senior unsecured debt financial

"Senior unsecured debt Series C ilA Series D ilA Series F ilA Series G ilA Series H ilA"

A senior unsecured debt is a loan or bond that a company must repay before other unsecured obligations but is not backed by specific assets as collateral. Think of it as being earlier in line for repayment, like a preferred ticket in a queue, but without a guarantee you’ll get property if the company fails; that priority reduces risk compared with junior debt and affects expected interest rates and recovery prospects for investors.

ongoing activity financial

"The proceeds from the issuance will be used mainly for the company's ongoing activity and for refinancing existing debt."

refinancing existing debt financial

"used mainly for the company's ongoing activity and for refinancing existing debt."

Form 6-K: How Foreign Companies Report to the SEC →

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 ☐

Explanatory Note

On May 11, 2026, S&P Global Ratings Maalot Ltd., submitted a ratings report to the Israel Securities Authority and the Tel Aviv Stock Exchange regarding the unsecured series G notes to be issued by Enlight Renewable Energy Ltd. (the “Company”)

An unofficial English translation of such ratings report from the original binding Hebrew version is furnished as Exhibit 99.1 to this Report on Form 6-K.

Incorporation by Reference

The information in this Form 6-K (including in Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.

EXHIBIT INDEX

The following exhibits are furnished as part of this Form 6-K:

Exhibit No. Description

99.1 Unofficial English Translation of Ratings Report

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 11, 2026	By:	/s/ Lisa Haimovitz
		Lisa Haimovitz
		Chief Financial Officer

Exhibit 99.1

Enlight Renewable Energy Ltd.

May 11, 2026

Issuance Rating

‘ilA’ Rating Assigned to Bond Issuance of Up to NIS 550 Mil. P.V.

Primary Credit Analyst:

Evgeni Silishtian, 972-3-7539733 evgeni.silishtian@spglobal.com

Additional Contact:

Ayelet Matzov 972-3-7539712 ayelet.matzov@spglobal.com

S&P Maalot hereby assigns its ‘ilA’ rating to unsecured bonds of up to NIS 550 million par value to be issued by Enlight Renewable Energy Ltd. (ilA/Stable) through the expansion of Series G. The proceeds from the issuance will be used mainly for the company's ongoing activity and for refinancing existing debt.

For additional details about the company’s rating and for additional regulatory requirements, see our rating report dated January 7, 2026.

Enlight Renewable Energy Ltd.	Rating	Date when the rating was first published	Date when the rating was last updated
Issuer rating(s)
Long term	ilA/Stable	07/01/2026	07/01/2026
Issue rating(s)
Senior Secured Debt
Loan to finance a cluster of PV and storage projects under market arrangement	ilA+	07/01/2026	07/01/2026
Senior unsecured debt
Series C	ilA	07/01/2026	07/01/2026
Series D	ilA	07/01/2026	07/01/2026
Series F	ilA	07/01/2026	07/01/2026
Series G	ilA	07/01/2026	07/01/2026
Series H	ilA	07/01/2026	07/01/2026
Issuer Credit Rating history
Long term
January 7, 2026	ilA/Stable

Additional details
Time of the event	04/05/2026 16:22
Time when the event was learned of	04/05/2026 16:22
Rating requested by	Issuer

S&P Maalot is the commercial name of S&P Global Ratings Maalot Ltd. For a list of the most up-to-date ratings and for additional information regarding S&P Maalot’s surveillance policy, see S&P Global Ratings Maalot Ltd. website at maalot.co.il.

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FAQ

What rating did Enlight Renewable Energy (ENLT) receive for its new bond issue?

S&P Maalot assigned Enlight Renewable Energy’s new unsecured Series G bond issuance an ‘ilA’ rating. This matches the company’s existing ilA rating on other unsecured series and its ilA/Stable long-term issuer rating.

How large is Enlight Renewable Energy’s new Series G bond issuance?

The new Series G bond issuance by Enlight Renewable Energy is for up to NIS 550 million par value. This unsecured issue expands the existing Series G and is supported by an ilA rating from S&P Maalot.

What will Enlight Renewable Energy (ENLT) use the NIS 550 million bond proceeds for?

Enlight Renewable Energy plans to use the Series G bond proceeds mainly for ongoing company activity and refinancing existing debt. This suggests a focus on funding day-to-day operations and improving its debt profile rather than new standalone projects.

What is Enlight Renewable Energy’s current long-term issuer credit rating?

Enlight Renewable Energy’s long-term issuer credit rating is ilA/Stable from S&P Maalot. This rating and outlook were first published and last updated on January 7, 2026, according to the rating table in the report.

How are Enlight Renewable Energy’s other bond series rated by S&P Maalot?

Enlight Renewable Energy’s senior unsecured bond series C, D, F, G and H each carry an ilA rating. A senior secured loan to finance a cluster of PV and storage projects under a market arrangement holds a higher ilA+ rating.

When did S&P Maalot record the rating event for Enlight Renewable Energy (ENLT)?

The rating event for Enlight Renewable Energy’s Series G bonds is recorded at 04/05/2026 16:22. The same timestamp is given for when the event was learned of, indicating prompt recognition of the rating action.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EXHIBIT 99.1 16.6 KB