Published on March 18, 2010 at 7:36 AM
Elbit Imaging
Ltd. ("EI") (NASDAQ: EMITF) announced today that Midroog Ltd., an affiliate
of Moody's Investors Services, has informed EI that its "A2/Stable" rating,
on a local scale, would also apply to a new series of debentures in an
aggregate principal amount of up to NIS 100 million that EI may issue to
repay principal amounts of debt that comes due in 2010. This credit rating
would also apply to additional debentures in the new series in an aggregate
principal amount of up to NIS 400 million that EI may issue in exchange for
outstanding debentures, subject to certain conditions.
EI has made no decision with respect to any future debt offering, and
there is no certainty that any such debt offering will be executed. Any
future debt offering, if made, will be made in Israel to residents of Israel
only, and any debt instruments that may be offered will not be registered
under the U.S. Securities Act of 1933, as amended, and may not be offered or
sold in the United States absent registration or an applicable exemption from
U.S. registration requirements.
SOURCE Elbit Imaging Ltd.