Jerusalem, 14 September, 2025 (TPS-IL) — Israeli chip equipment maker Camtek Ltd. has priced a $425 million offering of convertible notes due 2030, raising more than its earlier $400 million target. The notes, which carry no interest, can be converted into Camtek shares at a 30% premium to the latest Nasdaq price. Investors may also purchase an extra $75 million in notes.
Camtek plans to use the funds to buy back about $167 million of its 2026 notes and support growth, including research, development and possible acquisitions. The deal, offered to institutional investors, is expected to close on September 16. Camtek operates in Israel and Germany.