Gilat Announces $100 Million Five-Year Convertible Notes at 60% Conversion Premium
Summary
Gilat announced a $100 million private placement of five-year convertible notes with a 60% conversion premium. The company will use the net proceeds for general corporate purposes and to accelerate investment in next-generation satellite and space technologies. Gilat also plans to expand its multi-orbit, mobility, ground, and defense capabilities. The notes carry 3.75% interest, mature in 2031, and include conditions tied to the company’s share price.
Funding
Amount
$100.0M
Total raised
Date
August 31, 2026
Announcement date
Investors
-
Lead investors
Company
gilat.com
Funded company
AskAI Classifications
Sectors
Public Sector and Non Profit
Transportation and Mobility
Defense and Military
Functions
Developer and IT Infrastructure
Network Management
Linked Companies
Gilat
$100M to $250M