6-K
Enlight Renewable Energy Ltd. (ENLT)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of February 2025
Commission File Number: 001-41613
Enlight Renewable Energy Ltd.
(Translation of registrant’s name into English)
13 Amal St., Afek Industrial Park
Rosh Ha’ayin, Israel
- 972 (3) 900-8700
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Explanatory Note
On February 10, 2025, Midgoog Ltd., an affiliate of Moody’s Corporation, submitted a periodic ratings report to the Israel Securities Authority and the Tel Aviv Stock Exchange regarding Enlight Renewable Energy Ltd. (the “Company”) and new series of notes which the Company is examining the possibility to issue in an amount of up to NIS million par value. An unofficial English translation of such ratings report from the original binding Hebrew version is furnished as Exhibit 99.1 to this Report on Form 6-K.
Incorporation by Reference
The information in this Form 6-K (including in Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.
EXHIBIT INDEX
The following exhibits are furnished as part of this Form 6-K:
| Exhibit No. | Description |
|---|---|
| 99.1 | Unofficial English Translation of Ratings Report |
| --- | --- |
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Enlight Renewable Energy Ltd. | ||
|---|---|---|
| Date: February 10, 2025 | By: | /s/ Lisa Haimovitz |
| Lisa Haimovitz | ||
| Chief Financial Officer |
3
Exhibit 99.1
Enlight Renewable Energy Ltd.
Rating Action | February 2025
This credit rating report is a translation of a report that was written in Hebrew for a debt issued in Israel.
The binding version is the one in the original language.
Contacts:
Robert Avdalimov
Analyst, Lead Rating Analyst
robert.a@midroog.co.il
Tomer Dar
Senior Team Leader, Secondary Rating Analyst
tomero@midroog.co.il
Elad Seroussi, Vice President
Head of Projects and Infrastructure
elad.seroussi@midroog.co.il
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Enlight Renewable Energy Ltd.
| Issuer Rating | A2.il | Outlook: Stable |
|---|---|---|
| Series Rating | A2.il | Outlook: Stable |
Midroog assigns an A2.il rating to debentures series B7 and C8, which is expected to be issued by Enlight Renewable Energy Ltd. (the "Company"), in an amount of up to NIS 500 million par value. The outlook is stable. The proceeds from the issuance are expected to be used for the Company’s ongoing business operations.
Outstanding bonds rated by Midroog:^1^
| Bond series | Security No. | Rating | Outlook | Final Maturity |
|---|---|---|---|---|
| ENLIGHT C3 | 7200249 | A2.il | Stable | 01.09.2028 |
| ENLIGHT B4 | 7200256 | A2.il | Stable | 01.09.2029 |
| ENLIGHT B6 | 7200173 | A2.il | Stable | 01.09.2026 |
For full information regarding the rating considerations, you are referred to the monitoring report dated October 10, 2024.
Rating History
^1^ The Company has an additional bond series which is not rated by Midroog (ENLIGHT B5).
| Enlight Renewable Energy Ltd - Rating Action | 10/02/2025 | 2 |
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Related Reports
Enlight Renewable Energy Ltd. – Related Reports
Rating Power Producers – Methodology Report, January 2023
Financial Statement Adjustments and Presentation of Main Financial Measures in Corporate Rating – Methodology Report, December 2024
Structural Considerations in Rating Debt Instruments in Corporate Finance – Methodology Report, September 2019
Guidelines for Reviewing Environmental, Social and Governance Risks in Credit Ratings – Methodology Report, February 2022
Impact of the War on the Creditworthiness of Issuers Rated by Midroog – Special Report, October 2024
Table of Relationships and Holdings
Midroog Rating Scales and Definitions
The reports are published on the Midroog website at www.midroog.co.il
General Information
| Date of rating report: | February 10, 2025 |
|---|---|
| Date of last revision of the rating: | November 21, 2024 |
| Date of first publication of the rating: | April 15, 2019 |
| Rating commissioned by: | Enlight Renewable Energy Ltd. |
| Rating paid for by: | Enlight Renewable Energy Ltd. |
Information from the Issuer
Midroog relies in its ratings inter alia on information received from competent personnel at the issuer.
| Enlight Renewable Energy Ltd - Rating Action | 10/02/2025 | 3 |
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Long-Term Rating Scale
| Aaa.il | Issuers or issues rated Aaa.il are those that, in Midroog judgment, have highest creditworthiness relative to other local issuers. |
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| Aa.il | Issuers or issues rated Aa.il are those that, in Midroog judgment, have very strong creditworthiness relative to other local issuers. |
| A.il | Issuers or issues rated A.il are those that, in Midroog judgment, have relatively high creditworthiness relative to other local issuers. |
| Baa.il | Issuers or issues rated Baa.il are those that, in Midroog judgment, have relatively moderate credit risk relative to other local issuers, and could involve certain speculative<br> characteristics. |
| Ba.il | Issuers or issues rated Ba.il are those that, in Midroog judgment, have relatively weak creditworthiness relative to other local issuers, and involve speculative characteristics. |
| B.il | Issuers or issues rated B.il are those that, in Midroog judgment, have relatively very weak creditworthiness relative to other local issuers, and involve significant speculative<br> characteristics. |
| Caa.il | Issuers or issues rated Caa.il are those that, in Midroog judgment, have extremely weak creditworthiness relative to other local issuers, and involve very significant speculative<br> characteristics. |
| Ca.il | Issuers or issues rated Ca.il are those that, in Midroog judgment, have extremely weak creditworthiness and very near default, with some prospect of recovery of principal and interest. |
| C.il | Issuers or issues rated C are those that, in Midroog judgment, have the weakest creditworthiness and are usually in a situation of default, with little prospect of recovery of principal and<br> interest. |
Note: Midroog appends numeric modifiers 1, 2, and 3 to each rating category from Aa.il to Caa.il. The modifier '1' indicates that the obligation ranks in the higher end of its rating category, which is denoted by letters. The modifier '2' indicates that it ranks in the middle of its rating category and the modifier '3' indicates that the obligation ranks in the lower end of that category, denoted by letters.
| Enlight Renewable Energy Ltd - Rating Action | 10/02/2025 | 4 |
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| Enlight Renewable Energy Ltd - Rating Action | 10/02/2025 | 5 |
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