Gazit-Globe Completes a NIS 730 Million (US$ 190 Million) Offering of Unsecured Debentures
(Thomson Reuters ONE) -
TEL-AVIV, Israel, Aug. 25, 2015 (GLOBE NEWSWIRE) -- Gazit-Globe (NYSE:GZT)
(TSX:GZT) (TASE:GZT), one of the world's leading multi-national real estate
companies focused on the management, acquisition, development and redevelopment
of supermarket-anchored shopping centers in major urban markets, announced today
that it has completed a public offering of its existing Series L debentures in
Israel. The total gross proceeds from the offering were approximately NIS 730
million (approximately US$ 190 million).
The debentures were offered at a price of NIS 1.013 for NIS 1.00 par value,
representing an annual yield to maturity of 3.93%. The debentures bear a coupon
rate of 4.0% per annum, Israeli-CPI adjusted. Repayment of the principal will
begin in June 2023 with a final maturity date in June 2027, resulting in an
average maturity of 10.4 years. The debentures have a domestic credit rating of
ilAA- with a stable outlook from S&P Maalot and a domestic credit rating of Aa3
with a stable outlook from Midroog (Moody's domestic subsidiary).
The Company intends to use the proceeds from the offering to refinance existing
debt and for general corporate purposes.
The underwriters syndicate was led by Leader Capital Markets and Clal Finance
Underwriting and included Barak Capital Underwriting, Excellence Underwriting,
Apex Issuances, Leumi Partners, Poalim IBI, Discount Capital Markets &
Investments, Inbar Underwriting and Value Base.
About Gazit-Globe
Gazit-Globe is one of the largest owners, developers and operators of
predominantly supermarket-anchored shopping centers in major urban markets
around the world. Gazit-Globe is listed on the New York Stock Exchange
(NYSE:GZT), the Toronto Stock Exchange (TSX:GZT) and the Tel Aviv Stock Exchange
(TASE:GZT) and is included in the TA-25 and Real-Estate 15 indices in Israel. As
of June 30, 2015 Gazit-Globe owns and operates 453 properties in more than 20
countries, with a gross leasable area of approximately 6.3 million square meters
and a total value of approximately US$ 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
FORWARD LOOKING STATEMENTS
This release may contain forward-looking statements within the meaning of
applicable securities laws. In the United States, 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 and the
Canadian Securities Administrators. Except as required by applicable 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: For additional information:
Gil Kotler,
Senior Executive VP and CFO
Gazit-Globe Ltd.
1 HaShalom Rd.
Tel Aviv, Israel 67892
+972 3 694 8000
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Gazit-Globe via GlobeNewswire
[HUG#1947333]
Unternehmensinformation / Kurzprofil:
Datum: 25.08.2015 - 09:15 Uhr
Sprache: Deutsch
News-ID 415643
Anzahl Zeichen: 4309
contact information:
Town:
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Kategorie:
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