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Partner Communications Announces Uniform Weighted Discount Rate for Series F DebenturesPartner Communications Company Ltd. ("Partner" or "the Company") (NASDAQ and TASE: PTNR) (NASDAQ:PTNR) (TASE:PTNR), a leading Israeli communications operator, announces today that further to the Company's report dated December 12, 2017 with respect to the results of the issuance of additional Series F debentures of the Company, by way of expansion of Series F, and to the Company's reports dated September 13, 2017 and September 17, 2017, with respect to the agreement that the Company entered into for a private placement for additional Series F debentures in Israel on December 4, 2018 (the "Deferred Issuance" and "Agreed Date" respectively), and with respect to the discount rate created following the Deferred Issuance and in accordance with the approval that the Company received from the Israel Tax Authority of a "Green Track" arrangement, the discount rate for the debentures to be issued in the Deferred Issuance will remain unchanged and is 0.65868%. Therefore, the uniform weighted discount rate according to a formula that weights the discount rate for the existing Series F debentures, with the discount rate as determined in the Deferred Issuance of the additional debentures is 0.09936% 1. The offering described in this press release was made only in Israel and only to residents of Israel in a transaction exempt from, or not subject to, the registration requirements of the U.S. Securities Act of 1933 (the "Securities Act"). The said debentures have not been, and will not be, registered under the U.S. Securities Act of 1933 and will not be offered or sold in the United States. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities. For additional details regarding the Company's existing debentures, see the Company's press release and immediate report (on Form 6-K) dated July 20, 2017 at: https://www.sec.gov/Archives/edgar/data/1096691/000117891317002098/zk1720277.htm or http://maya.tase.co.il/reports/details/1111245, on September 13, 2017 at: http://maya.tase.co.il/reports/details/1121707 or https://www.sec.gov/Archives/edgar/data/1096691/000117891317002657/zk1720541.htm and on September 18, 2017 at: https://www.sec.gov/Archives/edgar/data/1096691/000117891317002681/zk1720554.htm or on September 17 at: http://maya.tase.co.il/reports/details/1122396, and on November 21, 2017 at: https://www.sec.gov/Archives/edgar/data/1096691/000117891317003213/zk1720820.htm or http://maya.tase.co.il/reports/details/1131801, and on December 12, 2017 at: https://www.sec.gov/Archives/edgar/data/1096691/000117891317003368/zk1720891.htm or http://maya.tase.co.il/reports/details/1136013 and the Company's Annual Report on Form 20-F for the year ended December 31, 2016 - "Item 5B. Liquidity and Capital Resources".
Forward-Looking Statements
About Partner Communications For more information about Partner see: http://www.partner.co.il/en/Investors-Relations/lobby/ 1 In the event that the rating of the debentures on the Agreed Date is 'il/A-' or less, a discount of 1% will be given on the price of the debentures that will be issued in the Deferred Issuance. In this case, the discount rate in respect of the debentures that will be issued in the deferred issuance will be 1.65868% and the uniform weighted discount rate will be 0.25%. View source version on businesswire.com: http://www.businesswire.com/news/home/20171213005473/en/ |