HAIFA, Israel, July 7, 2021 /PRNewswire/ -- Elbit Systems
Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or
the "Company") announced today, following its announcement of
June 10, 2021, that it filed today a
shelf offering report in Israel,
pursuant to its shelf prospectus dated September 30, 2020, and a report of the results
of the Company's public notes offering in Israel (the "Offering") that has
concluded.
Based on the Offering's results, the Company is expected to
raise an aggregate amount of NIS 1.9 billion
(approximately $581 million) and
issue three Israeli-shekel denominated tranches of notes, as
follows (the "Notes"):
Tranche
|
Face Value
(NIS)
|
Maturity
|
Annual
Interest
Rate (%)
|
Adjustments
|
Series B
|
1,500,000,000
|
June 30,
2029
|
1.08
|
None
|
Series C
|
200,000,000
|
June 30,
2029
|
2.12
|
Changes in the
New
Israeli Shekel / U.S.
Dollar exchange rate
|
Series D
|
200,000,000
|
June 30,
2035
|
2.67
|
Changes in the
New
Israeli Shekel / U.S.
Dollar exchange rate
|
Attached hereto are (1) unofficial English translations of the
respective Hebrew deeds of trust for the Notes and (2) Sections
16.1 and 16.5 of the shelf offering report filed by the
Company.
The Notes will be listed for trading on the Tel Aviv Stock
Exchange Ltd.
The proceeds of the Offering are intended for general corporate
purposes, which may include, among others, financing of the
Company's operating and investment activities, mergers and
acquisitions and payments of outstanding debt under its
credit facilities.
The Offering was made exclusively in Israel to residents of Israel only. The Notes 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
announcement does not constitute a solicitation or an offer to buy
any securities.
Joseph Gaspar, Executive VP
& Chief Financial Officer, said: "The significant
participation in the tenders for Elbit Systems' Notes provides a
strong vote of confidence in the Company. The successful results of
the tenders help diversify and optimize the Company's sources of
capital."
About Elbit Systems
Elbit Systems Ltd. is an international high technology company
engaged in a wide range of defense, homeland security and
commercial 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, advanced
electro-optics, electro-optic space systems, EW suites, signal
intelligence systems, data links and communications systems,
radios, cyber-based systems and munitions. The Company also focuses
on the upgrading of existing platforms, developing new technologies
for defense, homeland security and commercial applications and
providing a range of support services, including training and
simulation systems.
For additional information, visit: https://elbitsystems.com/,
follow us on Twitter or visit our official Facebook, Youtube and
LinkedIn Channels.
Company
Contact:
Joseph Gaspar,
Executive VP & CFO
Tel:
+972-4-8316663
j.gaspar@elbitsystems.com
Rami Myerson,
Director, Investor Relations
Tel:
+972-77-2948984
rami.myerson@elbitsystems.com
David Vaaknin,
VP, Head of Corporate Communications
Tel:
+972-77-2946691
david.vaaknin@elbitsystems.com
|
IR
Contact:
Ehud
Helft
Kenny
Green
GK Investor
Relations
Tel:
1-646-201-9246
elbitsystems@gkir.com
|
This press release may contain forward-looking statements
(within the meaning of Section 27A of the Securities Act of
1933, as amended, Section 21E of the Securities
Exchange Act of 1934, as amended and the Israeli Securities
Law, 1968) regarding Elbit Systems
Ltd. and/or its subsidiaries (collectively the Company), to the
extent such statements do not relate to historical or current
facts. Forward-looking statements are based on management's current
expectations, estimates, projections and
assumptions about future events. 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, uncertainties and assumptions about the Company,
which are difficult to predict, including projections of the
Company's future financial results, its anticipated growth
strategies and anticipated trends in its business. 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;
changes in global health and macro-economic conditions; differences
in anticipated and actual program performance, including the
ability to perform under long-term fixed-price contracts; changes
in the competitive environment; 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. Although the
Company believes the expectations reflected in the forward-looking
statements contained herein are reasonable, it cannot guarantee
future results, level of activity, performance or achievements.
Moreover, neither the Company nor any other person assumes
responsibility for the accuracy and completeness of any of these
forward looking statements. The Company does not undertake to
update its forward-looking statements.
Elbit Systems Ltd., its logo, brand, product, service and
process names appearing in this Press Release are the trademarks or
service marks of Elbit Systems Ltd. or its affiliated companies.
All other brand, product, service and process names appearing are
the trademarks of their respective holders. Reference to or use of
a product, service or process other than those of Elbit Systems
Ltd. does not imply recommendation, approval, affiliation or
sponsorship of that product, service or process by Elbit Systems
Ltd. Nothing contained herein shall be construed as conferring by
implication, estoppel or otherwise any license or right under any
patent, copyright, trademark or other intellectual property right
of Elbit Systems Ltd. or any third party, except as expressly
granted herein.
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SOURCE Elbit Systems Ltd