Gilat Satellite Networks announced a $100 million private placement on August 31, 2026. Israeli institutional investors purchased the convertible notes. The transaction is scheduled to close on September 1, 2026. This capital infusion strengthens the balance sheet and funds strategic initiatives.
The senior unsecured notes carry a 3.75% annual interest rate. The notes reach maturity on September 1, 2031. The initial conversion price is $16 per ordinary share.
The securities are subject to transfer restrictions. Gilat has not registered these notes under the Securities Act. The notes cannot be sold in the United States without registration or an exemption.