DGAP-News: Gazit-Globe Announces a Private Placement of Debentures and Options to Purchase Debenture
(businesspress24) - Gazit-Globe
23.01.2012 09:58
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TEL-AVIV, Israel, 2012-01-23 09:58 CET (GLOBE NEWSWIRE) --
Gazit-Globe (TASE:GLOB) (NYSE:GZT), one of the largest owners and operators of
supermarket-anchored shopping centers in the world, announces a private
placement of Debentures (Series D) together with Options to purchase Debentures
(Series K) for immediate consideration of NIS 225 million (approximately $60
million). Assuming the full exercise of the Options, the total consideration
will be NIS 450 million (approximately $120 million).
The issuance is an extension of two already existing series of Debentures. The
issuance of Debentures (Series D) totals NIS 185 million in par value and
includes an additional 1.85 million Options to purchase Debentures (Series K)
with no additional consideration.
Each of the Options is exercisable into Debentures (Series K) until February
29, 2012 at an exercise price of NIS 121.8 (CPI adjusted) for each NIS 120 par
value of Debentures (Series K).
The gross yield of the Debentures (Series D) reflects yield of 4.8% (CPI
indexed). The duration of the Debentures is approximately 6.7 years.
The Debentures have a domestic credit rating of Aa3 with a stable outlook by
Midroog (Moody's domestic subsidiary) and a domestic credit rating of ilA+ with
a positive outlook by S&P Maalot.
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 Tel
Aviv Stock Exchange (TASE:GLOB) and is included in the TA-25 and the
Real-Estate 15 indices in Israel. The Company is also listed on the New York
Stock Exchange (NYSE:GZT). The Group operates properties with a total value of
approximately $18.5 billion in more than 20 countries and owns and operates
over 660 properties with a gross leasable area of 7.0 million square meters.
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.
Media Contact: press(at)gazitgroup.com
Investors Contact: IR(at)gazitgroup.com
Gazit-Globe Headquarters, 1 HaShalom Rd., Tel-Aviv, Israel
Tel: +972 3 6948000
News Source: NASDAQ OMX
23.01.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory 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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Themen in dieser Pressemitteilung:
gazit
globe-announces-a-private-placement-of-debentures-and-options-to-purchase-debentures-for-immediate-consideration-of-nis-225-million
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Datum: 23.01.2012 - 03:58 Uhr
Sprache: Deutsch
News-ID 558758
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