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In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
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Makhteshim Agan Successfully Completes Private Debt Placement of NIS 678 Million

TEL-AVIV, Israel, January 7, 2013 /PRNewswire/ --

The private placement comes from an expansion of the Company's existing Series B debentures, whose final redemption date is in 2036

The purpose of the funding is to refinance debt maturities and finance the Company's continued growth

Makhteshim Agan Group (MAI) announced today the completion of a private placement through the re-opening of the Company's Series B debentures. The purpose of the issue of NIS 678 million is to refinance maturing debt and to fund the Company's continuing growth, including potential add-on acquisitions.

The transaction was met with strong institutional demand as a result institutional investors that submitted offers at the tender price were allotted 60% of their orders.

The Company will issue NIS 600 million nominal value of its series B debentures at a price of NIS 1,130 per unit, reflecting a yield of 5.73%.

Contact:
Rony Patishi-Chillim
SVP, Global Corporate Communications
Email: IR@ma-industries.com
Phone Number: +972-73-2321131

SOURCE Makhteshim Agan Group

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Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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