Makhteshim Agan Successfully Completes Private Debt Placement of NIS 678 Million | SYS-CON MEDIA

SYS-CON MEDIA Authors: RealWire News Distribution, Gathering Clouds, CloudCommons 2012, Kevin Benedict

News Feed Item

Makhteshim Agan Successfully Completes Private Debt Placement of NIS 678 Million

By PR Newswire	Article Rating:
January 7, 2013 04:27 AM EST	Reads:	208

Related
Print
Email
Feedback
Add This
Blog This

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

Published January 7, 2013 – Reads 208
Copyright © 2013 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.

Related
Print
Email
Feedback
Add This
Blog This

More Stories By PR Newswire

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.

Comments

NewSQL – What is It?

By Jnan Dash

Niklas Bjorkman wrote: Firstly I agree with your conclusion. NewSQL takes the best of the traditional databases and NoSQL databases to combine the benefits of both worlds. I do not agree that NewSQL vendors focus on giving scale-out features to transactional data. The NewSQL market is focusing on giving true ACID support combined with extreme performance, stepping away from the traditional relational structures in databases. A lot of developers appreciate the ease of accessing data using SQL and I think we will see more and more databases supporting standard SQL. As you said - NewSQL databases often maintain the...

Apr. 12, 2013 02:56 AM EDT

read more & respond »

Did you read today's front page stories & breaking news?

Live Google News by SYS-CON!

Is Your Business 100% Ready for the New Era of Cloud Computing and Big Data? The Only Enterprise IT Event in 2013 Covering the Entire Scope of both Cloud & Big Data

Come to New York and get yourself up to date with the Big Data revolution! As advanced data storage, access and analytics technologies aimed at handling high-volume and/or fast moving data all move center stage, aided by the Cloud Computing boom, Cloud Expo is the single most effective event for you to learn how to use you own enterprise data – processed in the Cloud – most effectively to drive value for your business.

There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. Get a jump on that rapidly evolving trend at Big Data Expo, which we are introducing in June at Cloud Expo New York.

Cloud Expo was announced on February 24, 2007, the day the term "cloud computing" was coined. That same year, the first Cloud Expo took place in New York City with 450 delegates. Next June, Cloud Expo is returning to New York with more than 10,000 delegates and over 600 sponsors and exhibitors.

"Cloud" has become synonymous with "computing" and "software" in two short years. Cloud Expo is the new PC Expo, Comdex, and InternetWorld of our decade. By 2012, more than 50,000 delegates per year will participate in Cloud Expo worldwide.

The cloud is certainly a compelling alternative to running all applications within a traditional corporate data center. But moving from theory into practice is where things get complicated, and this is where attending a top industry event like Cloud Expo comes in.

No one can take full advantage of cloud computing without first becoming familiar with the latest issues and trends, which is why the organizing principle of the 10th International Cloud Conference & Expo on June 10-13, 2013 - is to ensure - through an intensive four-day schedule of keynotes, general and breakout sessions, and our bustling Expo Floor - that attending delegates leave the Javits Center with abundant resources, ideas and examples they can apply immediately to leveraging the Cloud, helping them to maximize performance, minimize cost and improve the scalability of their Enterprise IT endeavors.

Delegates will leave Cloud Expo with dramatically increased understanding the entire scope of the entire cloud computing spectrum from storage to security.

Whether you're an enterprise or small to medium business, you'll soon be benefiting from the Cloud. Join your peers in New York City June 10-13, and maximize those benefits already in 2013. See you in New York City!

Register Now!
Save $500 on your “Golden Pass”! Call 201.802.3020
or click here to Register
Early Bird Expires Friday.

Speaker Opportunities
Submit your speaking proposal for the upcoming Cloud Expo in New York City
[June 10-13, 2013]

Exhibitor Info
Please Call 201.802.3021
events (at) sys-con.com.
Carmen Gonzalez,
carmen (at) sys-con.com.

Produced and presented by Cloud Expo, Inc.

close this window