New York, NY — Dec. 2, 2004 – LAWFUEL – First for legal, law, law firm news – The international law firm of Chadbourne &
Parke LLP represented Ormat Technologies, Inc. in its successful initial
public offering of $100 million of its common stock and listing of the
common stock for trading on the New York Stock Exchange under the ticker
symbol “ORA.”
On November 16, 2004, Ormat Technologies, Inc. (NYSE: ORA) announced the
closing of the sale of 7,187,500 shares of common stock in its initial
public offering. The proceeds from the offering net of underwriting
discounts and commissions was US$100,265,625.
Leading the work on the IPO for Ormat were Chadbourne partners Noam Ayali in
Washington, D.C., and Philip Colbran in New York, assisted by partners and
associates in the Firm’s Washington, New York and Los Angeles offices.
“This transaction drew upon the considerable strengths and international
experience of both our Project Finance and Capital Markets practice groups.
Having worked with Ormat Technologies, Inc. on a number of its geothermal
projects internationally and in the U.S., we were delighted to have the
opportunity to assist the company in making the transition to a public
company listed on the world’s most prominent stock exchange,” said Messrs.
Colbran and Ayali.
Ormat Technologies, Inc. is a vertically integrated company primarily
engaged in the geothermal and recovered energy power business. The company
designs, develops, builds, owns and operates geothermal power plants, and
also designs, develops and builds, and plans to own and operate, recovered
energy-based power plants, in each case, using equipment that the company
designs and manufactures. Founded in 1994, the company currently has
operations in the United States, Israel, Guatemala, Kenya, Nicaragua and the
Philippines.
About Chadbourne & Parke LLP
Chadbourne & Parke LLP, an international law firm headquartered in New York
City, provides a full range of legal services, including mergers and
acquisitions, securities, project finance, corporate finance, energy,
telecommunications, commercial and products liability litigation, securities
litigation and regulatory enforcement, white collar defense, intellectual
property, antitrust, domestic and international tax, reinsurance and
insurance, environmental, real estate, bankruptcy and financial
restructuring, employment law and ERISA, trusts and estates and government
contract matters. The Firm has offices in New York, Washington, D.C., Los
Angeles, Houston, Moscow, Kyiv, Warsaw (through a Polish partnership),
Beijing and a multinational partnership, Chadbourne & Parke, in London. For
additional information, visit www.chadbourne.com.
