Camtek Ltd. (CAMT), a maker of high-end inspection and metrology equipment for the semiconductor industry, said on Friday that it has priced $425 million aggregate principal amount of 0.00% convertible senior notes due 2030 in a private offering. The offering was upsized from the previously announced $400 million of notes.
The company has granted the initial purchasers of the notes an option to purchase up to an additional $75 million of the notes. The offering is expected to close on September 16.
Camtek intends to use the net proceeds from the offering to repurchase around $167.1 million aggregate principal amount of its 0% senior convertible notes due 2026 for $267 million in cash. The remainder will be used for general corporate purposes.
The offering of the notes is not contingent upon the repurchase of the 2026 notes, but the repurchase of the 2026 notes is contingent upon completion of this offering, the firm said.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.