Camtek Announces Proposed Private Offering of $400 Million of 0.00% Convertible Senior Notes due 2030

Core Viewpoint - Camtek Ltd. plans to offer $400 million in 0.00% Convertible Senior Notes due 2030, with an option for initial purchasers to buy an additional $60 million, subject to market conditions [1][2]. Offering Details - The final terms of the Notes, including the amount and initial conversion price, will be determined at the time of pricing [2]. - The Notes will mature on September 15, 2030, and will not bear regular interest or accrete in principal [3]. - Holders can convert the Notes under specific conditions before June 15, 2030, and at any time thereafter until maturity [4]. Redemption and Repurchase - Camtek may redeem the Notes for cash under certain tax-related events or if the share price exceeds 130% of the conversion price for a specified period [5]. - In the event of a "fundamental change," holders may require Camtek to repurchase their Notes for cash at 100% of the principal amount [6]. Use of Proceeds - The net proceeds from the Offering will be used to repurchase a portion of the 0% senior convertible notes due 2026 and for general corporate purposes, including acquisitions and research and development [7]. Company Overview - Camtek is a developer and manufacturer of high-end inspection and metrology equipment for the semiconductor industry, serving various market segments and operating globally with facilities in Israel and Germany [10].