Ellomay ( (IL:ELLO) ) has issued an update.
Ellomay Capital Ltd. announced the results of its public bidding for the Series G Debentures in Israel, occurring on February 13, 2025. The issuance led to gross proceeds of NIS 214,479,000, with net proceeds estimated at approximately NIS 211.7 million. The Series G Debentures, repayable in seven unequal installments from 2026 to 2032, bear a fixed annual interest of 6.34% and include provisions such as a negative pledge and potential additional interest for unmet financial covenants. This offering signifies a strategic move to bolster the company’s financial standing, impacting its operations and reinforcing its industry position.
More about Ellomay
Ellomay Capital Ltd. operates in the energy sector, primarily focusing on the development, ownership, and operation of renewable energy and power plants. The company’s market focus includes territories such as Israel, Spain, Italy, and the United States.
YTD Price Performance: 3.43%
Average Trading Volume: 4,480
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $209.1M
For an in-depth examination of ELLO stock, go to TipRanks’ Stock Analysis page.