Our firm represented the Israel Ports Development & Assets Company in a debt restructuring and public debt raising process totaling approximately NIS 691 million. The raising was done through an exchange purchase offer between traded series of Israel Ports. The bond exchange was intended to allow the company to extend its debt maturity, as well as to allow greater flexibility in managing its free cash flow, including in making additional or new investments. The bonds were listed for trading on the Tel Aviv Stock Exchange.
February 20, 2025
