|By PR Newswire||
|February 12, 2014 06:33 AM EST||
TEL-AVIV, Israel, February 12, 2014 /PRNewswire/ --
The private placement comes from an expansion of the Company's existing Series D debentures, whose final redemption date is in 2016
The purpose of the funding is to refinance debt maturities and finance the Company's continued growth
ADAMA Agricultural Solutions Ltd. announced today the completion of a private placement to accredited investors through the expansion of series D debentures.
The Company issued 487,795 units (with each unit including NIS 1,000 par value of series D debentures) which represent approx. NIS 527 million (approx. USD 149 million).
The price determined in the tender was NIS 1,080 which reflects a yield of 2.64%.
About ADAMA Agricultural Solutions
ADAMA Agricultural Solutions Ltd. is a leading global manufacturer and distributor worldwide of crop-protection solutions. The Company supplies efficient solutions to farmers across the full farming value-chain, including crop-protection, novel agricultural technologies, and complementary non-crop businesses. In 2012, the Company's revenues were over $2.83 billion, and it is ranked seventh in the world in the overall agro-chemicals industry. The Company is characterized by its heritage of innovation, farmer-centric approach to product development, and observance of strict standards of environmental protection and quality control. For more information, visit us at http://www.ma-industries.com.
Global Public Relations Coordinator
SOURCE ADAMA Agricultural Solutions Ltd