PTNR Partner Communications Company Ltd

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15a-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

 

Report on Form 6-K dated

 

Partner Communications Company Ltd .

(Translation of Registrant’s Name Into English)

 

8 Amal Street

Afeq Industrial Park

Rosh Ha’ayin 48103

Israel

                       

(Address of Principal Executive Offices)

 

(Indicate by check mark whether the registrant files or will file annual reports

 under cover of Form 20-F or Form 40-F.)

 

Form 20-F ☒  Form 40-F ☐

 

(Indicate by check mark whether the registrant by furnishing the

 information contained in this Form is also thereby furnishing the information to the

Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)

 

Yes ☐  No ☒

 

(If “Yes” is marked, indicate below the file number assigned to the

 registrant in connection with Rule 12g3-2(b): 82-                 )

 

This Form 6-K is incorporated by reference into the Company’s Registration Statements on Form S-8 filed with the Securities and Exchange Commission on December 4, 2002 (Registration No. 333-101652), September 5, 2006 (Registration No. 333-137102), September 11, 2008 (Registration No. 333-153419), August 17, 2015 (Registration No. 333-206420), November 12, 2015 (Registration No. 333-207946), March 14, 2016 (Registration No. 333-210151) and on December 27, 2017 (Registration No. 333-222294), November 21, 2018 (Registration No. 333-228502)

 

 

PARTNER COMMUNICATIONS ANNOUNCES ISSUANCE OF

COMPANY DEBENTURES (SERIES G)

FOLLOWING EXERCISE OF OPTION WARRANTS (SERIES A)

 

ROSH HA'AYIN, Israel, July 1, 2019 - Partner Communications Company Ltd. ("Partner" or "the Company") (NASDAQ and TASE: PTNR ), a leading Israeli communications operator, announces that further to the immediate report of the Company dated May 1, 2019 (ref no. 19784645) ("the Previous Report "), 385,000 option warrants of the Company (Series A) that are exercisable for NIS 38,500,000 par value of Series G debentures of the Company, were exercised.

 

The option warrants (Series A) were exercised at a discount rate of 0.566%, and therefore the weighted discount rate for July 1, 2019 that applies to the Series G debentures is 0.078%.

 

In addition, notwithstanding the provisions of the paragraph that begins with the words "Each holder of an option warrant… " in the Previous Report, the Company wishes to inform that a holder of option warrants (Series A and B) that are exercisable for debentures (Series G) of the Company ("the Option Warrants ") will not have to declare under the terms of the Option Warrants, that it is a resident of Israel. For the avoidance of doubt, it is clarified that the remainder of the holder's declaration, as stated in that paragraph, will remain unchanged.

 

NOT FOR RELEASE OR DISTRIBUTION OR PUBLICATION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, SOUTH AFRICA OR SINGAPORE.

 

 

For additional details regarding the Company's Series G debentures, see the Company's Shelf Offering Report that the Company published on January 3, 2019 (on Form 6-K) at:

https://www.sec.gov/Archives/edgar/data/1096691/000117891319000035/zk1922436.htm or

https://mayafiles.tase.co.il/rpdf/1206001-1207000/P1206884-00.pdf

the Company's press releases and immediate reports (on Form 6-K) dated April 17, 2019 at:

https://www.sec.gov/Archives/edgar/data/1096691/000117891319001154/zk1922938.htm

or https://maya.tase.co.il/reports/details/1225154 and on May 1, 2019 at:

https://www.sec.gov/Archives/edgar/data/1096691/000117891319001264/zk1922985.htm or

https://maya.tase.co.il/reports/details/1226942 and also the Company's Annual Report on Form 20-F for the year ended December 31, 2018 – "Item 5B. Liquidity and Capital Resources".

About Partner Communications

Partner Communications Company Ltd. (" Partner ") is a leading Israeli provider of telecommunications services (cellular, fixed-line telephony, internet and television services). Partner’s ADSs are quoted on the NASDAQ Global Select Market™ and its shares are traded on the Tel Aviv Stock Exchange (NASDAQ and TASE: PTNR) .

For more information about Partner see:

http://www.partner.co.il/en/Investors-Relations/lobby/

Contacts:

 

 

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Partner Communications Co. Ltd.

 

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New Issuance

 

‘ilA+’ Rating Assigned To Bond Issuance Of Up To NIS 326 Million Par Value Through A Future Private Placement Of Options Dated April 2019

 

Primary Credit Analyst

Tom Dar, 972-3-7539722 tom.dar@spglobal.com

 

Additional Contact

Tamar Stein, 972-3-7539721 tamar.stein@spglobal.com

 

Please note that this translation was made for convenience purposes and for the company's use only and under no circumstances shall obligate S&P Global Ratings Maalot Ltd. The translation has no legal status and S&P Global Ratings Maalot Ltd. does not assume any responsibility whatsoever as to its accuracy and is not bound by its contents. In the case of any discrepancy with the official Hebrew version published on June 30, 2019, the Hebrew version shall apply.

‘ilA+’ Rating Assigned To Bond Issuance Of Up To NIS 326 Million Par Value Through A Future Private Placement Of Options Dated April 2019

 

S&P Maalot hereby assigns its ‘ilA+’ rating to bonds of up to NIS 326 million par value to be issued by Partner Communications Co. Ltd. (ilA+/Stable) through the expansion of Series G by exercising non-tradable options (see our rating report published on April 17, 2019).

 

The proceeds from the issuance will be used to refinance existing debt and for the company's ongoing activity.

 

For additional information on the rating and for other regulatory requirements, see our rating report dated August 13, 2018.

 

Rating Detail (As of 30-June-2019)
Partner Communications Co. Ltd. Issuer Credit Rating(s)
Local Currency Long Term	ilA+/Stable
Issue Rating(s)
Senior Unsecured Debt
Series D,F,G	ilA+
Rating History
Local Currency Long Term
July 28, 2015	ilA+/Stable
June 20, 2013	ilAA-/Stable
December 06, 2012	ilAA-/Negative
September 10, 2012	ilAA-/Watch Dev
October 19, 2010	ilAA-/Negative
October 05, 2009	ilAA-/Stable
September 17, 2009	ilAA-
July 14, 2009	ilAA-/Watch Dev
March 24, 2009	ilAA-/Watch Pos
October 28, 2008	ilAA-/Stable
September 25, 2007	ilAA-/Positive
March 20, 2007	ilAA-/Stable
July 28, 2004	ilAA-
February 16, 2004	ilA+
August 01, 2003	ilA
Other Details
Time of the event	16:18 30/06/2019
Time when the analyst first learned of the event	16:18 30/06/2019
Rating requested by	Issuer

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