Israel's Elbit Imaging to suspend interest payments to noteholders

By Marisa Wong

Madison, Wis., Feb. 19 - Elbit Imaging Ltd. announced on Tuesday that it is suspending interest payments to all of its noteholders.

Elbit said its board of directors had decided to suspend the interest payments after assessing the company's current situation and taking into account complex negotiations about a possible restructuring and the divergent positions of various parties on the payment of interest to noteholders.

Tel Aviv-based Elbit Imaging is a holding company with activities in the fields of commercial and entertainment centers, hotels, image-guided treatment, residential real estate and fashion retail.

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