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ADAMA Successfully Completes Private Debt Placement of NIS 527 Million


Tel-Aviv, Israel
February 12, 2014

  • 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 www.ma-industries.com.

 



More news from: Adama Agricultural Solutions Ltd.


Website: http://www.ma-industries.com/

Published: February 12, 2014

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