DGAP-News: Gazit-Globe Completes NIS 500 Million ($138 Million) Common Stock Offering
(firmenpresse) - Gazit-Globe
13.06.2013 19:00
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TEL-AVIV, Israel, 2013-06-13 19:00 CEST (GLOBE NEWSWIRE) --
Gazit-Globe (TASE:GZT) (NYSE:GZT), one of the world's leading multi-national
real estate companies focused on the acquisition, development and redevelopment
of supermarket-anchored shopping centers, announced today the closing of its
public offering of 10,439,020 shares on the Tel-Aviv Stock Exchange at a price
of NIS 47.9 per share (approx. $13.25 per share).
The gross proceeds are approximately NIS 500 million (approx. $138 million).
Gazit-Globe intends to use the proceeds from the offering for general corporate
purposes and to reduce outstanding lines of credit.
'The successful completion of this offering reflects our ongoing commitment to
strengthen our balance sheet and increase the liquidity of our shares. This
equity raise, together with our NIS 860 million ($238 million) long-term debt
raise last week, provides our company with great flexibility to take advantage
of growth opportunities in global real estate markets,' said Roni Soffer,
President of Gazit-Globe.
The underwriters syndicate was led by Clal Finance and Leader Capital Markets
and included Discount Capital Markets&Investments, Poalim IBI, Leumi
Partners, and Meitav.
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 New
York Stock Exchange (NYSE:GZT) and the Tel Aviv Stock Exchange (TASE:GZT) and
is included in the TA-25 and Real-Estate 15 indices in Israel. Gazit Globe owns
and operates over 600 properties in more than 20 countries, with a gross
leasable area of approximately 6.8 million square meters and a total value of
more than $20 billion.
FOR ADDITIONAL INFORMATION
Investors Contact: IR(at)gazitgroup.com, Media Contact: press(at)gazitgroup.com
Gazit-Globe Headquarters, Tel-Aviv, Israel, Tel: +972 3 6948000 / New York
Office, Tel: +1 212 897 9741
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.
Gazit-Globe Ltd.
1 HaShalom Rd.
Tel Aviv, Israel 67892
+972 3 694 8000
For additional information:
Gil Kotler,
Senior Executive VP and CFO
News Source: NASDAQ OMX
13.06.2013 Dissemination of a Corporate News, transmitted by DGAP -
a company of EQS Group 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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Datum: 13.06.2013 - 19:00 Uhr
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News-ID 269594
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