RAMAT-GAN, Israel, October 19, 2017 /PRNewswire/ --
Internet Gold - Golden Lines Ltd. (the "Company", Internet
Gold") (NASDAQ and TASE: IGLD), today announced that the Company
conducted a private placement of NIS
26,043,252 par value of its Series D Debentures to certain
institutional, "qualified" and private investors in Israel in exchange for NIS 23,462,389 par value of its outstanding
Series C Debentures.
The private placement was structured as an increase to the
outstanding Series D Debentures of the Company, which were first
issued in March 2014. Upon completion
of the exchange offer, an aggregate principal amount of
NIS 40,507,570 par value of Series C
Debentures will remain outstanding.
The Series C Debentures purchased by the Company will be
cancelled and the remaining outstanding debentures of both series
will continue to trade on the Tel Aviv Stock Exchange.
The terms of the newly issued Series D Debentures will be
identical to the terms of the Series D Debentures that were issued
in March 2014.
The newly issued Series D Debentures will be listed on the Tel
Aviv Stock Exchange ("TASE"), subject to approval by TASE, and
initial re-sales will be restricted by applicable securities
laws.
The exchange of the Debentures was conducted as a private
placement to several "classified"/"institutional" investors and
"qualified" investors (as defined under the exemptions of section
15 of the Securities Law, 5728-1968 and the First Schedule of The
Securities Law), and to a number of private investors - all
pursuant to Regulation S under the U.S. Securities Act of 1933. The
securities have not been registered under the Securities Act and
may not be offered or sold in the United
States or to U.S. persons unless they are registered under
the Securities Act or an exemption from registration is
available.
Midroog Ltd., an Israeli rating company, has confirmed that the
issuance of the new Series D Debentures will not affect the current
rating of the outstanding Series D Debentures.
About Internet Gold
Internet Gold is a telecommunications-oriented holding company
which is a controlled subsidiary of Eurocom Communications Ltd.
Internet Gold's primary holding is its controlling interest in B
Communications Ltd. (TASE and Nasdaq: BCOM), which in turn holds
the controlling interest in Bezeq, The Israel Telecommunication
Corp., Israel's largest
telecommunications provider (TASE: BEZQ). Internet Gold's shares
are traded on NASDAQ and the TASE under the symbol IGLD. For more
information, please visit the following Internet sites:
http://www.igld.com
http://www.bcommunications.co.il
http://www.ir.bezeq.co.il
http://www.eurocom.co.il
Forward-Looking Statements
This press release contains forward-looking statements that are
subject to risks and uncertainties. Factors that could cause
actual results to differ materially from these forward-looking
statements include, but are not limited to, general business
conditions in the industry, changes in the regulatory and legal
compliance environments, the failure to manage growth and other
risks detailed from time to time in B Communications' filings with
the Securities Exchange Commission. These documents contain
and identify other important factors that could cause actual
results to differ materially from those contained in our
projections or forward-looking statements. Stockholders and
other readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date on
which they are made. We undertake no obligation to update publicly
or revise any forward-looking statement.
For further information, please contact:
Idit Cohen - IR Manager
idit@igld.com / Tel: +972-3-924-0000
Investor relations contacts:
Hadas Friedman - Investor
Relations
Hadas@km-ir.co.il/ Tel: +972-3-516-7620
SOURCE Internet Gold – Golden Lines Ltd.