TEL-AVIV, Israel, June 12, 2014 /PRNewswire/ --
Ellomay Capital Ltd. (NYSE MKT:
ELLO)(TASE: ELOM)
("Ellomay" or the
"Company"), an emerging operator in the
renewable energy and energy infrastructure sector, today announced
a private placement of NIS 80.341
million par value of its unsecured non-convertible Series A
debentures (the "Additional Series A
Debentures") to Israeli classified investors for an aggregate
consideration of approximately NIS 81.1
million (approximately US$23.5
million) reflecting a price of NIS
1.01 per NIS 1 principal
amount of the Additional Series A Debentures. The aggregate
consideration includes an amount of approximately NIS 1.7 million (approximately US$0.5) that represents the interest payment due
on the Additional Series A Debentures on June 30, 2014.
The Additional Series A Debentures will have identical terms to
the existing Series A Debentures of the Company, originally issued
in January 2014. The issuance of the
Additional Series A Debentures is subject to the receipt of the
approval of the Tel Aviv Stock Exchange Ltd. for the listing of the
Additional Series A Debentures for trading on the Tel Aviv Stock
Exchange. Resales of the Additional Series A Debentures will be
restricted under applicable securities laws.
Standard & Poors Maalot Ltd., an affiliate of Standard &
Poors, assigned its ilA- rating to the Additional Series A
Debentures. In accordance with the terms of the Series A
Debentures, the Company has approached the Israeli Tax Authority in
order to receive an approval for the formula that will be used to
calculate the weighted discount rate for all Series A Debentures
for tax purposes.
The private placement was led by Leumi Partners Underwriters
Ltd. and Rosario Capital Ltd.
The private placement was made to Israeli classified
investors only and not to U.S. Persons. The Additional Series A
Debentures will not be registered under the U.S. Securities Act of
1933, as amended, and will not be offered or sold in the United States without registration or
applicable exemption from the registration requirements according
to the U.S. Securities Act of 1933, as amended. This press release
shall not constitute an offer to sell or the solicitation of an
offer to buy any securities.
Information Relating to Forward-Looking Statements
This press release contains forward-looking statements that
involve substantial risks and uncertainties. All statements, other
than statements of historical facts, included in this press release
regarding our plans and objectives of management are
forward-looking statements. The use of certain words,
including the words "estimate," "project," "intend," "expect,"
"believe" and similar expressions are intended to identify
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. We may not actually
achieve the plans, intentions or expectations disclosed in our
forward-looking statements and you should not place undue reliance
on our forward-looking statements. Various important factors could
cause actual results or events to differ materially from those that
may be expressed or implied by our forward-looking statements,
including receipt of regulatory approvals. These and other risks
and uncertainties associated with our business are described in
greater detail in the filings we make from time to time with
Securities and Exchange Commission, including our Annual Report on
Form 20-F. The forward-looking statements are made as of this date
and the Company does not undertake any obligation to update any
forward-looking statements, whether as a result of new information,
future events or otherwise.
Contact:
Kalia Weintraub
CFO
Tel: +972-(3)-797-1111
Email: anatb@ellomay.com
SOURCE Ellomay Capital Ltd