DGAP-News: Gazit-Globe Announces the Private Placement of Debentures and Options to Purchase Debentures for Immediate Consideration of Approximately NIS 175 Million
ID: 630061
03.05.2012 10:46
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TEL-AVIV, Israel, 2012-05-03 10:46 CEST (GLOBE NEWSWIRE) --
Gazit-Globe (TASE:GLOB) (NYSE:GZT), one of the largest owners and operators of
supermarket-anchored shopping centers in the world, announces a private
placement of Debentures (Series J) together with Options to purchase Series K
Debentures for immediate consideration of approximately NIS 175 million
(approximately $46 million). Assuming the full exercise of the Options, total
consideration will be approximately NIS 445 million (approximately $118
million).
The placement consists of an additional issue of Series J debenture in the
amount of approximately NIS 130 million par value along with 2.6 million
Options to purchase Series K Debentures with no additional consideration. The
Options are exercisable into NIS 260 million par value.
Each of the Options is exercisable into Series K Debentures until June 14, 2012
at an exercise price of NIS 104.2 (not CPI adjusted) for each NIS 100 par value
of such Debentures.
The gross yield of the Debentures (Series J) reflects a yield of 3.1% (CPI
adjusted). The duration of the Debentures is approximately 6 years.
The Company's series J Debentures are secured by assets located in Israel.
The Debentures have a domestic credit rating of Aa3 with a stable outlook by
Midroog (Moody's domestic subsidiary) and a domestic credit rating of ilA+ with
a positive outlook by S&P Maalot.
About Gazit-Globe
Gazit-Globe is one of the largest owners and operators of supermarket-anchored
shopping centers in the world. In addition, the Company is active in North
America in the healthcare real estate sector. Gazit-Globe is listed on the Tel
Aviv Stock Exchange (TASE:GLOB) and is included in the TA-25 and the
Real-Estate 15 indices in Israel. The Company is also listed on the New York
Stock Exchange (NYSE:GZT). The Group operates properties with a total value of
approximately $18.5 billion in more than 20 countries and owns and operates
over 600 properties with a gross leasable area of approximately 6.8 million
square meters.
Forward Looking Statements
This release may contain forward-looking statements within the meaning of the
U.S. federal securities laws. These statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995. Such
statements involve a number of known and unknown risks and uncertainties, many
of which are outside our control, that could cause our future results,
performance or achievements to differ significantly from the results,
performance or achievements expressed or implied by such forward-looking
statements. Important factors that could cause or contribute to such
differences include risks detailed in our public filings with the SEC. Except
as required by law, we undertake no obligation to update any forward-looking or
other statements herein, whether as a result of new information, future events
or otherwise.
CONTACT: Media Contact: press@gazitgroup.com
Investors Contact: IR@gazitgroup.com
Gazit-Globe Headquarters
1 HaShalom Rd.
Tel-Aviv, Israel
Tel: +972 3 6948000
News Source: NASDAQ OMX
03.05.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Gazit-Globe
Panama
Phone:
Fax:
E-mail:
Internet:
ISIN: PAL0605071A3
WKN:
End of Announcement DGAP News-Service
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Themen in dieser Pressemitteilung:
gazit
globe-announces-the-private-placement-of-debentures-and-options-to-purchase-debentures-for-immediate-consideration-of-approximately-nis-175-million
Unternehmensinformation / Kurzprofil:
Datum: 03.05.2012 - 10:46 Uhr
Sprache: Deutsch
News-ID 630061
Anzahl Zeichen: 4604
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