Kenon Subsidiary Refinances Power Projects
Company Announcements

Kenon Subsidiary Refinances Power Projects

Kenon (KEN) has released an update.

Kenon Holdings Ltd. through its subsidiary OPC Energy Ltd. has secured new financing agreements totaling approximately $443 million to refinance existing debts of the Tzomet and Gat power plants. The loans, arranged with Bank Hapoalim and Bank Leumi, come with a structured repayment schedule extending to 2033 and include financial covenants to maintain certain debt to EBITDA and equity to asset ratios. OPC anticipates a one-off finance expense of about $14 million due to the early repayment of previous project financing.

For further insights into KEN stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskKenon’s OPC Expands Stakes in U.S. Power Plants
TipRanks Auto-Generated NewsdeskKenon Secures Major Investment for Solar Project
TipRanks Auto-Generated NewsdeskKenon Subsidiary Advances Major Solar Project
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App