FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
CELLCOM ISRAEL LTD.
10 Hagavish Street
Netanya, Israel 42140
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(Address of principal executive offices)
Indicate by check mark whether
the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if
the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if
the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Indicate by check mark whether
the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes ☐ No ☒
If
“Yes” is marked, indicate below the file number assigned to
the registrant in connection with Rule 12g3-2(b):
Not Applicable
CELLCOM ISRAEL ANNOUNCES PRIVATE
DEBENTURE OFFERING IN ISRAEL
Netanya, Israel – November 26, 2020 – Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (hereinafter: the
"Company") announced today that
following the previously announced preparation for a private debenture offering in Israel of additional debentures of the existing series L debentures, which are listed on the Tel Aviv Stock Exchange, or TASE,
the Company received orders from
certain institutional investors for approximately NIS 744 million principal amount of additional Series L debentures, out of which
the Company accepted (subject to the TASE's approval) orders for NIS 400 million aggregate principal amount of
additional Series L debentures, for a total consideration of approximately NIS 391 million.
The price was set at NIS 977 for each Series L debenture of NIS 1,000 principal amount, reflecting an effective interest of 3.55% per annum. Accordingly,
the debentures series L will be issued at a discount over the adjusted principal amount of the debentures (reflecting accumulated interest).
The net proceeds from the offering shall be used for general corporate purposes.
Resale of the new Series L debentures (once issued) shall be subject to the limitations set in section 15c of the Israeli Securities Law and the regulations
promulgated thereunder.
The closing of the private offering is subject to the receipt of the TASE's approval.
For additional details see our most recent annual report for the year ended
December 31, 2019 on Form 20-F, filed on
March 23, 2020 under:
"Item 5.
Operating and Financial Review and Prospects – B. Liquidity and Capital Resources – Debt Service – Public Debentures" And our most recent report on Form 6-K filed on
November 23, 2020.
The offering described in this
press release was made only in Israel and only to residents of Israel. The securities have not been registered under the U.S.
Securities Act of 1933 and will not be offered or sold in the United States. This
press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities.
About Cellcom Israel
Cellcom Israel Ltd., established in 1994, is a leading Israeli communications group, providing a wide range of communications services. Cellcom Israel is the largest Israeli cellular provider,
providing its cellular subscribers with a broad range of services including cellular telephony, roaming services, text and multimedia messaging, advanced cellular and data services and other value-added services in the areas of mobile office, data
protection etc., based on Cellcom Israel's technologically advanced infrastructure.
The Company operates advanced networks enabling high speed broadband and advanced multimedia services. Cellcom Israel offers nationwide customer service including
telephone customer service, retail stores, and service and sale centers. Cellcom Israel further provides OTT TV services, internet infrastructure and connectivity services and international calling services, as well as landline telephone services in
Israel. Cellcom Israel's shares are traded both on the New York Stock Exchange (CEL) and the Tel Aviv Stock Exchange (CEL). For additional information please visit
the Company's
website http://investors.cellcom.co.il.
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Company Contact
Shai Amsalem
Chief Financial Officer
Tel: +972-52-998-9735
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Investor Relations Contact
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CELLCOM
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
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CELLCOM ISRAEL LTD.
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Date:
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By:
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Name:
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Title:
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VP Legal and Corporate Secretary
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