By Angela McDaniels
Tacoma, Wash., May 9 - Elbit Systems Ltd. sold an additional NIS 92.28 million principal amount of series A notes to Israeli institutional investors in a private placement, according to a company news release.
The purchase price was about NIS 94.7 million.
The company said the terms of the additional notes are similar to the terms of the outstanding series A notes and will form a single series with the outstanding notes. They are not linked to any currency or index.
The outstanding series A notes carry a 4.84% coupon. The principal amount is payable in nine equal annual installments on June 30 of each of the years 2012 through 2020.
The additional notes have been approved for listing on the Tel Aviv Stock Exchange Ltd.
Elbit Systems is a defense electronics company based in Haifa, Israel.
| Issuer: | Elbit Systems Ltd.
|
| Issue: | Series A notes
|
| Amount: | NIS 92,283,000
|
| Proceeds: | NIS 94.7 million
|
| Maturity: | June 30, 2020
|
| Coupon: | 4.84%
|
| Announcement date: | May 8
|
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