Ellomay Capital Ltd. Provides an Update on Conditional Redemption Date for the Series A Debentures
December 18, 2019 at 09:23 am EST
On December 16, 2019, Ellomay Capital Ltd. announced the conditional early redemption of its Series A Debentures, originally scheduled for December 31, 2019. On December 18, 2019, the Company announced that the conditional early redemption date is postponed to January 5, 2020. Pursuant to the terms of the deed of trust governing the Series A Debentures, the early redemption amount will be the sum of approximately ILS 80.1 million (approximately 20.6 million) in principal, the sum of approximately ILS 0.05 million (approximately 0.01 million) in accrued interest and a prepayment charge of approximately ILS 5.7 million (approximately 1.5 million), amounting to an aggregate redemption amount of approximately ILS 85.9 million (approximately 22.1 million).