KEN Kenon Holdings Ltd.
Price Chart
Executive Summary
Kenon Holdings entered a collar transaction on 6,000,000 OPC Energy shares (~2% of OPC) with a reference price of NIS 124. The 3-year collar limits downside, preserves upside up to the call strike, and provides potential liquidity via borrowing—no premium paid. A routine financing and hedging move that enhances financial flexibility without material operational impact.
Actionable Insight
Monitor OPC Energy share price relative to the NIS 124 reference. The collar provides downside protection while preserving upside, which is modestly positive for Kenon's NAV. No immediate catalyst, but the potential borrowing feature could be used for future investments.
Key Facts
- Collar on 6,000,000 OPC shares (~2% of OPC outstanding)
- Reference price: NIS 124 (USD equivalent)
- No premium paid; 3-year term; settlement in cash or OPC shares at Kenon's election
- Kenon retains upside to call strike, limits downside, and may borrow against the collar
- Kenon held ~142M OPC shares (~46%) before the transaction
Financial Impact
No immediate cash flow; potential liquidity from borrowing; downside protection on ~2% of OPC stake; reference price NIS 124 per share
Risk Factors
- OPC share price volatility could affect collar payoff
- Counterparty risk with the investment bank
- Collateral transfer of shares creates counterparty exposure
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001178913-26-002951 |
| Exhibit: exhibit_99-1.htm | 0001178913-26-002951 |
| Document: 0001178913-26-002951-index-headers.html | 0001178913-26-002951 |
| Document: 0001178913-26-002951-index.html | 0001178913-26-002951 |
| Document: 0001178913-26-002951.txt | 0001178913-26-002951 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 3, 2026
2d ago
|
6-K
| — | awaiting T+20 | — | — |
|
Jun 1, 2026
4d ago
|
6-K
| — | awaiting T+20 | — | — |
|
May 28, 2026
8d ago
|
6-K
| — | awaiting T+20 | — | — |
|
Apr 23, 2026
6w ago
|
6-K
| $81.33 $85.84 | ▲ +5.55% | ▲ +0.91% | $75.10 (−7.66%) |
|
Mar 30, 2026
9w ago
|
6-K
| $76.46 $88.58 | ▲ +15.85% | ▲ +3.26% | $75.10 (−1.78%) |
|
Mar 30, 2026
9w ago
|
6-K
| $76.46 $88.58 | ▲ +15.85% | ▲ +3.26% | $75.10 (−1.78%) |
US Market Status
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