Latham Advises on Camtek’s Upsized US$425 Million Convertible Senior Notes Offering

Camtek Ltd. announced the pricing of US$425 million aggregate principal amount of 0.00% convertible senior notes due 2030 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The offering was upsized from the previously announced US$400 million aggregate principal amount of notes. Camtek has granted to the initial purchasers of the notes an option to purchase, for settlement within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional US$75 million aggregate principal amount of the notes.

Latham & Watkins advised the banks in the offering with a Capital Markets team led by London partner Josh Kiernan, Tel Aviv partner Gilad Zohari, New York partners Benjamin Cohen and Reza Mojtabaee-Zamani, and New York counsel Polina Tulupova, with associates Isabelle Sawhney, Adam Picker, Jamie Savren, Sophia Dilworth, and Adam Zhang. Advice was provided on tax matters by New York partner Elena Romanova, with associate Tessa Young; on sanctions matters by Washington, D.C. partners Les Carnegie and Andrew Galdes, with Washington, D.C. counsel Ruchi Gil, and associate Monica Calce; and anti-bribery and anti-corruption matters by New York partner Matthew Salerno.