Perion Network Announces Results of Its Convertible Bond Offering in Israel
September 23 2014 - 3:36PM
Business Wire
Perion Network Ltd. (NASDAQ:PERI) (TASE:PERI) today announced,
further to its announcement of September 22, 2014, that the public
tender for its 5% Series L Convertible Bonds has been completed. At
the closing of the public offering, the Company will issue Bonds
having an aggregate amount of approximately NIS 143.5 million par
value (approximately $39.2 million) at a price of NIS 965 per unit
of NIS 1,000 par value.
The total net proceeds to be received by the Company is
approximately NIS 136.5 million (approximately $37.3 million).
The offering described in this press release was made only in
Israel and only to residents of Israel. The Bonds will not be
registered under the U.S. Securities Act of 1933 and will not be
offered or sold in the United States or to U.S.
persons. This press release shall not constitute an offer to sell
or the solicitation of an offer to buy any Bonds.
About Perion Network Ltd.
Perion powers innovation. Perion is a global performance-based
media and Internet company, providing online publishers and
app developers advanced technology and a variety of intelligent,
data-driven solutions to monetize their application or content and
expand their reach to larger audiences, based on our own experience
as an app developer. Our leading software monetization
platform, Perion Codefuel,
empowers digital businesses to optimize installs, analyze data and
maximize revenue. Our app promotion platform, Perion Lightspeed, enables developers to make wise
decisions on where to spend advertising budgets to produce the
highest yield and the most visibility. The Perion team brings
decades of experience, operating and investing in digitally-enabled
businesses, and we continue to innovate and create value for the
app ecosystem. More information about Perion may be found
at www.perion.com. Follow Perion
on Twitter @perionnetwork.
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, 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/A 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+972-73-398-1000investors@perion.com
Perion Network (NASDAQ:PERI)
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