By Wendy Van Sickle
Columbus, Ohio, July 7 – Elbit Systems Ltd. priced NIS 1.9 billion of notes in three tranches in Israel under a Sept. 30, 2020 shelf prospectus, according to a company news release.
The notes include NIS 1.5 billion of 1.08% eight-year notes; NIS 200 million of 2.12% eight-year notes that are subject to adjustment based on changes in the shekel-to-dollar exchange rate; and NIS 200 million of 2.67% 14-year notes that are subject to adjustment based on changes in the shekel-to-dollar exchange rate.
The Regulation S notes will be listed on the Tel Aviv Stock Exchange and were offered in a uniform public offering.
Proceeds will be used for general corporate purposes.
The international technology company is engaged in defense, homeland security and commercial programs and based in Haifa, Israel.
| Issuer: | Elbit Systems Ltd.
|
| Issue: | Notes
|
| Amount: | NIS 1.9 billion
|
| Announcement date: | July 7
|
|
|
| Series B notes
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| Amount: | NIS 1.5 billion
|
| Maturity date: | June 30, 2029
|
| Coupon: | 1.08%
|
|
|
| Series C notes
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| Amount: | NIS 200 million
|
| Maturity date: | June 30, 2029
|
| Coupon: | 2.12%
|
|
|
| Series D notes
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| Amount: | NIS 200 million
|
| Maturity date: | June 30, 2035
|
| Coupon: | 2.67%
|
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