RAMAT-GAN, Israel, October 3, 2017 /PRNewswire/ --
Internet Gold - Golden Lines Ltd. (the "Company", Internet Gold") (NASDAQ: IGLD)(TASE: IGLD), today announced that the Company
conducted a private placement of NIS 201,371,696 par value of its Series D Debentures to certain
institutional, "qualified" and private investors in Israel in exchange for NIS 181,415,942 par value of its outstanding Series C Debentures.
The private placement was structured as an increase to the outstanding Series D Debentures of the Company, which were first
issued in March 2014. Upon completion of the exchange offer, an aggregate principal amount of
NIS 63,969,960 par value of Series C Debentures will remain outstanding.
The Series C Debentures purchased by the Company will be cancelled and the remaining outstanding debentures of both series
will continue to trade on the Tel Aviv Stock Exchange.
The terms of the newly issued Series D Debentures will be identical to the terms of the Series D Debentures that were issued
in March 2014.
The newly issued Series D Debentures will be listed on the Tel Aviv Stock Exchange ("TASE"), subject to approval by TASE, and
initial re-sales will be restricted by applicable securities laws.
The exchange of the Debentures was conducted as a private placement to several "classified"/"institutional" investors and
"qualified" investors (as defined under the exemptions of section 15 of the Securities Law, 5728-1968 and the First Schedule of
The Securities Law), and to a number of private investors - all pursuant to Regulation S under the U.S. Securities Act of 1933.
The securities have not been registered under the Securities Act and may not be offered or sold in the
United States or to U.S. persons unless they are registered under the Securities Act or an exemption from registration is
available.
Midroog Ltd., an Israeli rating company, has confirmed that the issuance of the new Series D Debentures will not affect the
current rating of the outstanding Series D Debentures.
About Internet Gold
Internet Gold is a telecommunications-oriented holding company which is a controlled subsidiary of Eurocom Communications Ltd.
Internet Gold's primary holding is its controlling interest in B Communications Ltd. (TASE and Nasdaq: BCOM), which in turn holds
the controlling interest in Bezeq, The Israel Telecommunication Corp., Israel's largest
telecommunications provider (TASE: BEZQ). Internet Gold's shares are traded on NASDAQ and the TASE under the symbol IGLD. For
more information, please visit the following Internet sites:
http://www.igld.com
http://www.bcommunications.co.il
http://www.ir.bezeq.co.il
http://www.eurocom.co.il
Forward-Looking Statements
This press release contains forward-looking statements that are subject to risks and uncertainties. Factors that could
cause actual results to differ materially from these forward-looking statements include, but are not limited to, general business
conditions in the industry, changes in the regulatory and legal compliance environments, the failure to manage growth and other
risks detailed from time to time in B Communications' filings with the Securities Exchange Commission. These documents
contain and identify other important factors that could cause actual results to differ materially from those contained in our
projections or forward-looking statements. Stockholders and other readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update
publicly or revise any forward-looking statement.
For further information, please contact:
Idit Cohen - IR Manager
idit@igld.com / Tel: +972-3-924-0000
Investor relations contacts:
Hadas Friedman - Investor Relations
Hadas@km-ir.co.il / Tel: +972-3-516-7620
SOURCE Internet Gold – Golden Lines Ltd.