<SEC-DOCUMENT>0001178913-25-003544.txt : 20251023
<SEC-HEADER>0001178913-25-003544.hdr.sgml : 20251023
<ACCEPTANCE-DATETIME>20251023060056
ACCESSION NUMBER:		0001178913-25-003544
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20251023
FILED AS OF DATE:		20251023
DATE AS OF CHANGE:		20251023

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Kenon Holdings Ltd.
		CENTRAL INDEX KEY:			0001611005
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC SERVICES [4911]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				000000000
		STATE OF INCORPORATION:			U0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36761
		FILM NUMBER:		251411266

	BUSINESS ADDRESS:	
		STREET 1:		1 TEMASEK AVENUE #37-02B
		STREET 2:		MILLENIA TOWER
		CITY:			SINGAPORE
		STATE:			U0
		ZIP:			039192
		BUSINESS PHONE:		65 6351 1780

	MAIL ADDRESS:	
		STREET 1:		1 TEMASEK AVENUE #37-02B
		STREET 2:		MILLENIA TOWER
		CITY:			SINGAPORE
		STATE:			U0
		ZIP:			039192
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>zk2533870.htm
<DESCRIPTION>6-K
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Z-K GLOBAL
         Document created using Broadridge PROfile 25.10.1.5333
         Copyright 1995 - 2025 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <font style="font-family: 'Times New Roman';"> </font>
  <div>
    <div style="font-family: 'Times New Roman';" class="BRPFPageHeader">
      <div style="line-height: 1.25;">
        <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman';"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 14pt;">
      <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-weight: bold;">UNITED STATES</div>
    </div>
    <div style="text-align: center; line-height: 1.25; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"><font style="font-family: 'Times New Roman'; font-size: 14pt;">SECURITIES AND EXCHANGE COMMISSION</font><font style="font-family: 'Times New Roman';"><br>
        Washington, D.C. 20549</font></div>
    <div style="text-align: justify; text-indent: -27pt; margin-left: 27pt; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 14pt;">
      <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-weight: bold;">FORM 6-K</div>
    </div>
    <div style="line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
    <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER<br>
      PURSUANT TO RULE 13a-16 OR 15d-16<br>
      UNDER THE SECURITIES EXCHANGE ACT OF 1934</div>
    <div style="line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
    <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;">October 23, 2025</div>
    <div style="line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
    <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;">Commission File Number 001-36761</div>
    <div style="text-align: justify; text-indent: -27pt; margin-left: 27pt; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 16pt;">
      <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-weight: bold;">Kenon Holdings Ltd.</div>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman';"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman';">1 Temasek Avenue #37-02B<br>
      Millenia Tower<br>
      Singapore 039192<br>
      (<font style="font-style: italic;">Address of principal executive offices</font>)</div>
    <div style="text-align: justify; text-indent: -27pt; margin-left: 27pt; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
    <div style="text-align: justify; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman';">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>
    <div style="line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
    <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman';">Form 20-F &#9746; &#160; &#160;&#160; Form 40-F &#9744;</div>
    <div style="line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
    <div style="text-align: justify; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman';">EXHIBIT 99.1 TO THIS REPORT ON FORM 6-K IS INCORPORATED BY REFERENCE IN THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-201716) OF KENON
      HOLDINGS LTD. AND IN THE PROSPECTUSES RELATING TO SUCH REGISTRATION STATEMENT.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman';"><br style="line-height: 1.25;">
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman';"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;"><u>Exhibits</u></div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z48799227c04f440a9036cb0ffd14ec0a">

        <tr>
          <td style="width: 50%; vertical-align: top; font-family: 'Times New Roman';">
            <div style="line-height: 1.25; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td style="width: 50%; vertical-align: top; font-family: 'Times New Roman';">
            <div style="line-height: 1.25; color: rgb(0, 0, 0);">&#160;</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top; font-family: 'Times New Roman';">
            <div style="text-indent: -31.5pt; margin-left: 31.5pt; line-height: 1.25;"><a href="exhibit_99-1.htm">99.1</a><font style="color: rgb(0, 0, 0);">&#160;&#160; </font><a href="exhibit_99-1.htm">Press Release, dated October 23, 2025: Kenon&#8217;s Subsidiary OPC Energy Ltd. Announces Financing Arrangement for Basin Ranch Project</a></div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman';"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;">SIGNATURES</div>
    <div style="line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman';">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman';">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on
      its behalf by the undersigned, thereunto duly authorized.<br>
      <br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z21940a4dde1e404caacf8313e5c08d94">

        <tr>
          <td style="width: 50%; vertical-align: top; font-family: 'Times New Roman';">
            <div style="line-height: 1.25; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td colspan="2" style="width: 39%; vertical-align: top; font-family: 'Times New Roman';">
            <div style="line-height: 1.25; color: rgb(0, 0, 0);">KENON HOLDINGS LTD.</div>
          </td>
          <td style="width: 11%; vertical-align: top; font-family: 'Times New Roman';">
            <div style="line-height: 1.25; color: rgb(0, 0, 0);">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top; font-family: 'Times New Roman';">
            <div style="line-height: 1.25; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td style="width: 4%; vertical-align: top; font-family: 'Times New Roman';">
            <div style="line-height: 1.25; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td style="width: 35%; vertical-align: top; font-family: 'Times New Roman';">
            <div style="line-height: 1.25; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td style="width: 11%; vertical-align: top; font-family: 'Times New Roman';">
            <div style="line-height: 1.25; color: rgb(0, 0, 0);">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top; font-family: 'Times New Roman';">
            <div style="line-height: 1.25; color: rgb(0, 0, 0);">Date: October 23, 2025</div>
          </td>
          <td style="width: 4%; vertical-align: top; font-family: 'Times New Roman';">
            <div style="line-height: 1.25; color: rgb(0, 0, 0);">By:</div>
          </td>
          <td style="width: 35%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); font-family: 'Times New Roman';">
            <div style="line-height: 1.25; color: rgb(0, 0, 0);">/s/ Robert L. Rosen</div>
          </td>
          <td style="width: 11%; vertical-align: top; font-family: 'Times New Roman';">
            <div style="line-height: 1.25; color: rgb(0, 0, 0);">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top; font-family: 'Times New Roman';">
            <div style="line-height: 1.25; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td style="width: 4%; vertical-align: top; font-family: 'Times New Roman';">
            <div style="line-height: 1.25; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td style="width: 35%; vertical-align: top; font-family: 'Times New Roman';">
            <div style="line-height: 1.25; color: rgb(0, 0, 0);">Name: Robert L. Rosen</div>
          </td>
          <td style="width: 11%; vertical-align: top; font-family: 'Times New Roman';">
            <div style="line-height: 1.25; color: rgb(0, 0, 0);">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top; font-family: 'Times New Roman';">
            <div style="line-height: 1.25; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td style="width: 4%; vertical-align: top; font-family: 'Times New Roman';">
            <div style="line-height: 1.25; color: rgb(0, 0, 0);">&#160;</div>
          </td>
          <td style="width: 35%; vertical-align: top; font-family: 'Times New Roman';">
            <div style="line-height: 1.25; color: rgb(0, 0, 0);">Title: Chief Executive Officer</div>
          </td>
          <td style="width: 11%; vertical-align: top; font-family: 'Times New Roman';">
            <div style="line-height: 1.25; color: rgb(0, 0, 0);">&#160;</div>
          </td>
        </tr>

    </table>
    <div style="line-height: 1.25; font-family: 'Times New Roman';"><br style="line-height: 1.25;">
      <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
  </div>
  <font style="font-family: 'Times New Roman';"> </font>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit_99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Z-K GLOBAL
         Document created using Broadridge PROfile 25.10.1.5333
         Copyright 1995 - 2025 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <div style="text-align: right; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-weight: bold;">
      <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"><u>Exhibit 99.1</u></div>
    <div style="line-height: 1.25; font-family: 'Times New Roman';"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman'; font-size: 12pt;">
      <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-weight: bold;">Kenon&#8217;s Subsidiary OPC Energy Ltd. Announces Financing Arrangement for Basin </div>
      <div style="text-align: center; line-height: 1.25; color: rgb(0, 0, 0); font-weight: bold;">Ranch Project</div>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman';"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman';">
      <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><font style="font-weight: bold;">Singapore, October 23, 2025</font>. Kenon Holdings Ltd.&#8217;s (NYSE: KEN, TASE: KEN) (&#8220;<font style="font-weight: bold;">Kenon</font>&#8221;)
        subsidiary OPC Energy Ltd. (&#8220;<font style="font-weight: bold;">OPC</font>&#8221;) has announced that CPV Group LP (&#8220;<font style="font-weight: bold;">CPV</font>&#8221;), a 70%-owned subsidiary of OPC, has entered into a financing agreement with Bank Leumi
        le-Israel Ltd (the &#8220;<font style="font-weight: bold;">Lender</font>&#8221;) for a $300 million loan (the &#8220;<font style="font-weight: bold;">Financing Agreement</font>&#8221;). OPC announced that the loan will be used to fund a portion of CPV&#8217;s equity in the
        Basin Ranch natural gas project in Texas, a project with an estimated 1.35 GW capacity, which as of the date hereof, is 70% held by CPV and 30% held by GE Vernova (the &#8220;<font style="font-weight: bold;">Basin Ranch Project</font>&#8221;).</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">OPC further announced that approximately $150 million (net of fees) of the loan has been transferred into an escrow account with the remaining $150
        million of the loan to be provided in the form of a letter of credit facility (&#8220;<font style="font-weight: bold;">Credit Facility</font>&#8221;), which is to be released subject to, and conditional, upon, among other things, closing of the TEF Loan
        Agreement (as defined and described below).</div>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman';"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; margin-right: 0.5pt; margin-left: 0.7pt; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman';">The interest rate on the loan is a SOFR-based rate with a spread of 2.8% to 3.4%, and the financial
      guarantee fee relating to the Credit Facility will range from 1.3% to 2%. The loan interest shall be payable each quarter from March 31, 2027. The loan principal is repayable from March 31, 2027 as follows: 5% per annum from 2027 to 2029; 25% per
      annum from 2030 to 2031; and 35% in 2032. If the Basin Ranch Project commences commercial operations during 2029, the principal payment schedule will be adjusted to provide for repayment of the loan in full by December 31, 2032.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman';"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman';">
      <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">The Financing Agreement includes covenants and events of default, including the following financial covenants applicable to CPV: total
        equity attributable to shareholders remaining above $750 million and an adjusted net debt to adjusted EBITDA ratio below 7.0 (OPC reported CPV&#8217;s covenant calculations as of June 30, 2025 at $1.589 billion and 4.1 times, respectively). The Financing
        Agreement contains other covenants applicable to CPV, including restrictions on dividend distributions and repayment of shareholder loans (from March 2027) as well as on incurring additional debt, asset sales, pledging assets, making investments,
        and other undertakings, subject to exceptions.</div>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman';"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman';">The Financing Agreement is subject to conditions precedent, including the closing of the TEF Loan Agreement, which OPC has announced it expects to
      finalize in the near future. In the event the TEF Loan Agreement has not closed by the date set forth in the Financing Agreement, the Financing Agreement will be terminated, the funds deposited into the escrow account will be returned to the Lender
      and the Credit Facility will be terminated.</div>
    <div style="line-height: 1.25; font-family: 'Times New Roman';"><br style="line-height: 1.25;">
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman';">
      <div style="text-align: justify; line-height: 1.25; font-family: 'Times New Roman', Times, serif;">As previously announced, the Basin Ranch Project was selected by the Texas Energy Fund (&#8220;<font style="font-weight: bold;">TEF</font>&#8221;) for due
        diligence towards receiving a subsidized loan, which OPC has indicated it currently expects to be approximately $1.1 billion (the &#8220;<font style="font-weight: bold;">TEF Loan</font>&#160;<font style="font-weight: bold;">Agreement</font>&#8221;). For further
        information, see Kenon&#8217;s Reports on Form 6-K furnished to the U.S, Securities and Exchange Commission on May 28, 2025 and June 9, 2025.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
    </div>
    <div style="text-align: justify; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-style: italic; font-weight: bold;"><u>Caution Concerning Forward-Looking Statements</u></div>
    <div style="line-height: 1.25; font-family: 'Times New Roman';"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-style: italic;">
      <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif; font-style: italic;">This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify
        these forward-looking statements by words or phrases such as &#8220;may,&#8221; &#8220;will,&#8221; &#8220;expect,&#8221; &#8220;estimate,&#8221; &#8220;intend,&#8221; &#8220;plan,&#8221; &#8220;believe,&#8221; &#8220;likely to&#8221; &#8220;should,&#8221; or other similar expressions. These statements include statements about the Financing Agreement,
        including the terms thereof and conditions to its completion, the use of proceeds, the Basin Ranch Project, including expected attributes of the project such as capacity, the TEF Loan Agreement (which itself is conditional upon the satisfaction of
        additional factors and conditions), and other non-historical statements. These forward-looking statements are based on current expectations or beliefs, and are subject to uncertainty and changes in circumstances. These forward-looking statements
        are subject to a number of risks and uncertainties which could cause the actual results to differ materially from those indicated in Kenon&#8217;s forward-looking statements. Such risks include risks relating to the Financing Agreement, including meeting
        conditions for the Financing Arrangement and compliance with the terms of and covenants in the Financing Agreement, risks relating to the TEF Loan Agreement including risks relating to agreement on the terms of, and execution of, the TEF Loan
        Agreement and, closing and funding of the TEF Loan Agreement by the deadline in the Financing Agreement, risks relating to the Basin Ranch Project, including relating to meeting conditions for the Basin Ranch Project, and the ultimate cost and
        timing to complete the Basin Ranch Project if it proceeds, and other risks, including those set forth under the heading &#8220;Risk Factors&#8221; in Kenon&#8217;s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission. Except
        as required by law, Kenon undertakes no obligation to update these forward-looking statements, whether as a result of new information, future events, or otherwise.</div>
    </div>
    <div style="line-height: 1.25; font-family: 'Times New Roman';"><br style="line-height: 1.25;">
      <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
