Gilat Satellite Networks offers USD 100 million convertible notes in private placement

PUBT · 1d ago
Gilat Satellite Networks offers USD 100 million convertible notes in private placement
  • Gilat Satellite Networks launched a USD 100 million convertible Notes (Series 1) private placement to classified investors.
  • Notes carry 3.75% fixed annual interest, payable each Sept. 1 from 2027 through 2031.
  • Interest steps up by 1.25% from March 1, 2028 if the average Nasdaq adjusted close is below USD 15 over 30 days.
  • Principal due in a single payment on Sept. 1, 2031; notes targeted for trading on TASE-UP.
  • Conversion ratio set at USD 16 face value per ordinary share; issuer can force conversion after lock-up removal if shares average at least USD 20.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gilat Satellite Networks Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001178913-26-004427), on September 08, 2026, and is solely responsible for the information contained therein.