HAIFA, Israel, March 29, 2012 /PRNewswire/ --
Elbit Systems Ltd. (NASDAQ and TASE: ESLT) (the "Company")
announced today that following the filing of the Shelf Offering
Report dated March 27, 2012 (the
"Offering Report"), pursuant to the Shelf Prospectus dated
May 18, 2010, the public tender in
connection with the public offering in Israel of the Company's new Series A Notes
(the "New Series A Notes") through an expansion of the Company's
Series A Notes which are currently outstanding and registered for
trading on the Tel Aviv Stock Exchange Ltd. ("TASE"), has
concluded.
Following the results of the concluded public offering, the
Company expects to issue 807,717 units of New Series A Notes,
bearing a fixed interest rate of 4.84% per annum, with a price per
unit of 1,029 NIS (approximately
$276), (each unit in the principal
amount of NIS 1,000 par value).
The immediate gross proceeds expected to be received by the
Company for the issuance of the New Series A Notes are
approximately NIS 831 million
(approximately $223 million).
The terms of the New Series A notes that will be issued by the
Company according to the Offering Report will be similar to the
terms of the Company's currently outstanding unsecured and
non-convertible Series A Notes which were initially issued by the
Company pursuant to the shelf offering report dated June 6, 2010. The New Series A Notes will form a
single series together with the currently outstanding Series A
Notes and will not be linked (principal and interest) to any
currency or index.
The Series A Notes, including the New Series A Notes contain
standard terms and conditions and do not restrict the Company's
ability to issue additional notes of any class or distribute
dividends in the future. The New Series A Notes will be listed for
trading only in Israel, on the Tel
Aviv Stock Exchange Ltd.
The Series A Notes, including the New Series A Notes, have not
and will not be registered under the U.S. Securities Act of 1933,
as amended (the "Securities Act"), and may not be offered or sold
in the United States or to U.S.
Persons (as defined in Regulation "S" promulgated under the
Securities Act) without registration under the Securities Act or an
exemption from the registration requirements of the Securities
Act.
This press release shall not be deemed to be an offer to sell or
a solicitation of an offer to buy any of the Series A Notes.
About Elbit Systems
Elbit Systems Ltd. is an international defense electronics
company engaged in a wide range of programs throughout the world.
The Company, which includes Elbit Systems and its subsidiaries,
operates in the areas of aerospace, land and naval systems,
command, control, communications, computers, intelligence
surveillance and reconnaissance ("C4ISR"), unmanned aircraft
systems ("UAS"), advanced electro-optics, electro-optic space
systems, EW suites, airborne warning systems, ELINT systems, data
links and military communications systems and radios.-The Company
also focuses on the upgrading of existing military platforms,
developing new technologies for defense, homeland security and
commercial aviation applications and providing a range of support
services.
For additional information, visit:
http://www.elbitsystems.com.
This press release contains forward-looking statements (within
the meaning of Section 27A of the Securities Act of 1933, as
amended and Section 21E of the Securities Exchange Act of 1934, as
amended) regarding Elbit Systems Ltd. and/or its subsidiaries
(collectively the Company), to the extent such statements do not
relate to historical or current fact. Forward Looking
Statements are based on management's expectations, estimates,
projections and assumptions. Forward-looking statements are
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, as amended. These
statements are not guarantees of future performance and involve
certain risks and uncertainties, which are difficult to predict.
Therefore, actual future results, performance and trends may
differ materially from these forward-looking statements due to a
variety of factors, including, without limitation: scope and length
of customer contracts; governmental regulations and approvals;
changes in governmental budgeting priorities; general market,
political and economic conditions in the countries in which the
Company operates or sells, including Israel and the
United States among others; differences in anticipated and
actual program performance, including the ability to perform under
long-term fixed-price contracts; and the outcome of legal and/or
regulatory proceedings. The factors listed above are not
all-inclusive, and further information is contained in Elbit
Systems Ltd.'s latest annual report on Form 20-F, which is on file
with the U.S. Securities and Exchange Commission. All
forward-looking statements speak only as of the date of this
release. The Company does not undertake to update its
forward-looking statements.
Company Contact:
Joseph Gaspar, Executive
VP & CFO
Tel: +972-4-8316663
j.gaspar@elbitsystems.com
Dalia Rosen, VP, Head of
Corporate Communications
Tel: +972-4-8316784
dalia.rosen@elbitsystems.com
Elbit Systems Ltd.
IR Contact:
Ehud Helft
Kenny Green
CCG Investor Relations
Tel: +1-646-201-9246
elbitsystems@ccgisrael.com
SOURCE Elbit Systems Ltd