HAIFA, Israel, May 3, 2012 /PRNewswire/ --
Elbit Systems Ltd. (NASDAQ and TASE: ESLT) (the "Company"),
announced today that it has agreed with Israeli institutional
investors to issue in a private placement up to NIS 92,283,000 par value (approximately
$24.4 million) additional Series A
Notes (the "Additional Series A Notes") in consideration for an
aggregate sum of approximately NIS 94.7
million (approximately $25
million).
If issued, the terms of the Additional Series A Notes will be
similar to the terms of the Series A Notes previously issued by the
Company in June 2010 and in
March 2012, in accordance with the
Company's shelf prospectus dated May 18,
2010 (the "Shelf Prospectus") and the shelf offering reports
of June 2010 and March 2012, respectively and which are currently
traded on the Tel Aviv Stock Exchange Ltd. ("TASE"). The Additional
Series A Notes, if issued, will form a single series together with
the currently outstanding Series A Notes, thus completing the
aggregate par value of Series A Notes issued by the Company to the
maximum of NIS 2,000,000,000
available to the Company for Series A Notes pursuant to the Shelf
Prospectus.
The issuance of the Additional Series A Notes is subject to the
receipt of the approval of the TASE for the listing of the
Additional Series A Notes for trade on the TASE.
To the extent issued, the sale and/or transfer of the Additional
Series A Notes are subject to the limitations on re-sale of
securities set forth in the Israeli Securities Law of 1968 and the
regulations promulgated thereunder applicable to private
placements.
The Additional Series A Notes, if issued, 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 does not constitute an offer to sell or the
solicitation of an offer to buy any securities, including the
Additional 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.
Contacts:
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