<SEC-DOCUMENT>0001178913-25-003561.txt : 20251028
<SEC-HEADER>0001178913-25-003561.hdr.sgml : 20251028
<ACCEPTANCE-DATETIME>20251028061835
ACCESSION NUMBER:		0001178913-25-003561
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20251028
FILED AS OF DATE:		20251028
DATE AS OF CHANGE:		20251028

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:		251421203

	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>zk2533884.htm
<DESCRIPTION>6-K
<TEXT>
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      <div style="text-align: center; line-height: 1.25; font-weight: bold;">UNITED STATES</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;"><font style="font-size: 14pt;">SECURITIES AND EXCHANGE COMMISSION</font><br>
        Washington, D.C. 20549</div>
      <div style="text-align: justify; line-height: 1.25;">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold; font-size: 14pt;">FORM 6-K</div>
      <div style="line-height: 1.25;">&#160;</div>
      <div style="text-align: center; line-height: 1.25; 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;">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">October 28, 2025</div>
      <div style="line-height: 1.25;">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">Commission File Number 001-36761</div>
      <div style="text-align: justify; line-height: 1.25;">&#160;</div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold; font-size: 16pt;">Kenon Holdings Ltd.</div>
      <div style="line-height: 1.25;"><br style="line-height: 1.25;">
      </div>
      <div style="text-align: center; line-height: 1.25;">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; line-height: 1.25;">&#160;</div>
      <div style="text-align: justify; line-height: 1.25;">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;">&#160;</div>
      <div style="text-align: center; line-height: 1.25;">Form 20-F <font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9746;</font> &#160; &#160;&#160; Form 40-F <font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font></div>
      <div style="line-height: 1.25;">&#160;</div>
      <div style="text-align: justify; line-height: 1.25;">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;"><br style="line-height: 1.25;">
      </div>
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    <div>
      <div style="line-height: 1.25; font-weight: bold;"><u>Exhibits</u></div>
      <div style="line-height: 1.25; font-weight: bold;">
        <div> <br>
        </div>
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;" id="zf14f0f379454419d8a883cae5fc8d5c1">

            <tr>
              <td style="width: 5%; text-align: left; vertical-align: top;"><a href="exhibit_99-1.htm">99.1</a></td>
              <td style="width: 95%;"><a href="exhibit_99-1.htm">Press Release, dated October 28, 2025: Kenon&#8217;s Subsidiary OPC Energy Ltd. Announces Execution of Credit
                  Agreement in connection with the Basin Ranch Project</a></td>
            </tr>

        </table>
        <u> </u></div>
      <div style="line-height: 1.25;">&#160;</div>
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    <div>
      <div style="text-align: center; line-height: 1.25; font-weight: bold;">SIGNATURES</div>
      <div style="line-height: 1.25;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt; line-height: 1.25;">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.</div>
      <div style="line-height: 1.25">&#160;</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="z4b49f28fa2e5456e8e5f8c8ddd0df6b8">

          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td colspan="2" style="width: 39%; vertical-align: top;">
              <div style="line-height: 1.25;">KENON HOLDINGS LTD.</div>
            </td>
            <td style="width: 11%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td style="width: 4%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td style="width: 35%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td style="width: 11%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="line-height: 1.25;">Date: October 28, 2025</div>
            </td>
            <td style="width: 4%; vertical-align: top;">
              <div style="line-height: 1.25;">By:</div>
            </td>
            <td style="width: 35%; vertical-align: top; border-bottom: #000000 2px solid;">
              <div style="line-height: 1.25;">/s/ Robert L. Rosen</div>
            </td>
            <td style="width: 11%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td style="width: 4%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td style="width: 35%; vertical-align: top;">
              <div style="line-height: 1.25;">Name: Robert L. Rosen</div>
            </td>
            <td style="width: 11%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td style="width: 4%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
            <td style="width: 35%; vertical-align: top;">
              <div style="line-height: 1.25;">Title: Chief Executive Officer</div>
            </td>
            <td style="width: 11%; vertical-align: top;">
              <div style="line-height: 1.25;">&#160;</div>
            </td>
          </tr>

      </table>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit_99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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      <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;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold; font-size: 12pt;">Kenon&#8217;s Subsidiary OPC Energy Ltd. Announces Execution of Credit Agreement in </div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold; font-size: 12pt;">connection with the Basin Ranch Project</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;"><font style="font-weight: bold;">Singapore, October 28, 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 Basin Ranch, LLC (the &#8220;<font style="font-weight: bold;">Project Company</font>&#8221;), a company held indirectly (70%, as of the date hereof) by CPV Group LP (&#8220;<font style="font-weight: bold;">CPV</font>&#8221;), a 70%-owned subsidiary of OPC, has entered into a credit agreement (the &#8220;<font style="font-weight: bold;">Credit Agreement</font>&#8221;) within the framework of financing agreements with the Public Utility Commission of Texas
      through the Texas Energy Fund (&#8220;<font style="font-weight: bold;">TEF</font>&#8221;) for an approximately $1.1 billion loan (the &#8220;<font style="font-weight: bold;">TEF Loan</font>&#8221;). OPC further announced that the Credit Agreement is held in escrow and is
      expected to be released subject to and upon financial closing of the TEF Loan which is planned within the coming days.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">As previously announced by OPC, the TEF Loan will be used to fund a portion of the costs for the Basin Ranch natural gas project in Texas, a project with an estimated capacity of 1.35 GW (the &#8220;<font style="font-weight: bold;">Basin Ranch Project</font>&#8221;). For further information on the Basin Ranch Project, 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 style="text-align: justify; margin-right: 0.6pt; margin-left: 0.8pt; line-height: 1.25;">The interest rate on the TEF Loan is 3% per annum. The loan principal is repayable in quarterly principal repayments commencing on March 31, 2031 in an amount
      equal to 0.25% per quarter through to March 31, 2032 with mortgage-style repayments thereafter. The TEF Loan matures on September 30, 2045.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">The TEF Loan is secured by pledges on the Basin Ranch Project.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; margin-right: 0.6pt; margin-left: 1.6pt; line-height: 1.25;">The Credit Agreement includes covenants, including financial covenants applicable to the Project Company, other covenants applicable to CPV, additional
      commitments at the equity holder level, including under the Equity Contribution Agreement (as defined and described below) and events of default provisions.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25;">Direct and indirect equity holders of the Project Company, including CPV, are parties to an equity contribution agreement (the &#8220;<font style="font-weight: bold;">Equity Contribution Agreement</font>&#8221;)
      which has yet to be executed as of the date of hereof, in connection with their commitment to provide equity for the Basin Ranch Project. For operational reasons and to facilitate financial closing in accordance with various requirements, OPC has
      extended a short-term bridge loan to CPV in an amount of $150 million (the &#8220;<font style="font-weight: bold;">Bridge Loan</font>&#8221;), which is required to be repaid shortly after the financial closing of the TEF Loan. In addition, as of the date hereof,
      and as previously disclosed by OPC, letters of credit in respect of CPV&#8217;s share of the Basin Ranch Project are backed by OPC guarantees or were provided from certain of OPC&#8217;s credit facilities.</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25; font-style: italic; font-weight: bold;"><u>Caution Concerning Forward-Looking Statements</u></div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
    </div>
    <div style="text-align: justify; line-height: 1.25; font-style: italic;">
      <div style="line-height: 1.25; font-style: italic;">
        <div style="line-height: 1.25; 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 Credit Agreement and its expected completion, including the terms and conditions thereof, the Equity Contribution Agreement, the Bridge Loan, the Basin Ranch Project, including expected attributes of the project such as
          capacity 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 Equity Contribution Agreement, including risks relating to
          agreement on the terms of, execution of and closing of the Equity Contribution Agreement, risks relating to the Bridge Loan, including risks relating to repayment of the Bridge Loan by CPV to OPC, risks relating to the letters of credit and OPC's
          guarantee in respect of CPV&#8217;s share of the project, risks relating to the Credit Agreement, including meeting conditions of and compliance with the terms of and covenants thereof, risks relating to agreement on the terms of, and execution of, the
          Credit Agreement and, closing and funding of the Credit Agreement, risks relating to the Basin Ranch Project, including relating to meeting conditions for the Basin Ranch Project, funding for the project and the ultimate cost, timing and other
          conditions and/or requirements necessary to complete the Basin Ranch Project to the extent 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>
    <div style="text-align: justify; line-height: 1.25; font-style: italic;"> <br>
    </div>
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