Perion Files Shelf Prospectus in Israel
May 18 2014 - 1:23PM
Business Wire
Receives Bond Rating of ilA- from Standard
& Poor’s Maalot
Perion Network Ltd. (NASDAQ: PERI) announced
that it has received the permission of the Israel Securities
Authority for the publication of a shelf prospectus.
As previously announced, Perion is considering
a public debt offering to residents of Israel. At this stage,
Perion's board of directors has not approved the scope or terms of
any offering, and there is no certainty that such offering will be
consummated.
Perion also announced that Standard &
Poor's Maalot has assigned the rating of 'ilA-' to a potential
issuance by Perion of up to $100 million aggregate principal amount
of Series A Bonds. An English version of the rating report, as well
as an English version of Perion's investor presentation, will be
available in the "Investors" section of Perion's website
(http://www.perion.com/events-presentations).
The shelf prospectus will allow Perion, from
time to time, to offer and sell a variety of securities in Israel,
in one or more offerings, subject to the publication of a
supplemental shelf offering report describing the terms of the
securities offered and the specific details of the offering. Any
securities, if offered, will not be registered under the U.S.
Securities Act of 1933 and will not be offered nor sold in the
United States. This press release does not constitute an offer to
sell or the solicitation of an offer to buy any securities. Offers
and sales, if made, will be made by means of the shelf prospectus
and a shelf offering report.
Forward Looking Statements
This press release contains historical
information and forward-looking statements within the meaning of
The Private Securities Litigation Reform Act of 1995 with respect
to Perion. Such statements reflect the current views, assumptions
and expectations of Perion with respect to future events and are
subject to risks and uncertainties. Many factors could cause the
actual results, performance or achievements of Perion to be
materially different from any future results, performance or
achievements that may be expressed or implied by such
forward-looking statements, including, among others, our failure to
receive requisite regulatory approvals for a particular offering, a
downgrade of our credit rating, a lack of robust interest in our
securities on the part of investors, the availability of more
attractive investments at the time of an offering by us, adverse
developments in our business or industry, general economic, market
and political conditions, and various other factors, whether
referenced or not referenced in this press release. Various other
risks and uncertainties may affect Perion and its business, as
described in reports filed by the Company with the Securities and
Exchange Commission from time to time, including its annual report
on Form 20-F for the year ended December 31, 2013. Perion does not
assume any obligation to update these forward-looking
statements.
Source: Perion Network Ltd.
Perion Investor RelationsDeborah Margalit,
+972-3-7696100investors@perion.comorHayden/MS-IR LLCBrett Maas/Miri
Segal-Scharia646-536-7331/917-607-8654Brett@haydenir.com/msegal@ms-ir.com
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