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Published on 5/8/2013 in the Prospect News Convertibles Daily, Prospect News Distressed Debt Daily and Prospect News Emerging Markets Daily.

Elbit notes trustees look to withdraw temporary liquidator request

By Caroline Salls

Pittsburgh, May 8 - Elbit Imaging Ltd. said the trustees of its series B notes submitted a motion to the Tel Aviv District Court to remove their request for appointment of a temporary liquidator for the company, according to a news release.

The trustees did not ask the court to remove their motion to liquidate Elbit.

There are NIS 16.5 million of the series B notes outstanding, representing 0.7% of the company's total unsecured debt.

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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