Washington, D.C. 20549
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.)
Enclosure: Partner Communications announces issuance of Company Debentures (Series G) following exercise of option warrants (Series A)
PARTNER COMMUNICATIONS ANNOUNCES ISSUANCE OF
COMPANY DEBENTURES (SERIES G) FOLLOWING
EXERCISE OF OPTION WARRANTS (SERIES A)
ROSH HA'AYIN, Israel, February 27, 2020 - Partner Communications Company Ltd. ("Partner" or "the
Company") (NASDAQ and TASE: PTNR), a leading Israeli communications operator, announces that further to
the Company's immediate reports dated
April 17, 2019
and
May 1, 2019, with respect to a private placement in Israel of untradeable option warrants that are exercisable for
the Company's Series G debentures, and further to
the Company's immediate reports dated
July 1, 2019 and
November 28, 2019, with
respect to the exercise of option warrants of
the Company (Series A), an additional 151,000 option warrants of
the Company (Series A) that are exercisable for NIS 15,100,000 par value of Series G debentures of
the Company, were exercised.
The option warrants (Series A) of Series G debentures of
the Company, were exercised at a discount rate of 3.207%, and therefore the weighted discount rate for
February 27, 2020 that applies to the
Series G debentures (following the issuance detailed in this report) is 0.65%.
Standard & Poor’s Global Ratings Maalot Ltd. ("
Maalot") has announced an ilA +/negative rating for the issuance of debentures in an amount of up to NIS
15.1 million par value that will be issued through an expansion of Series G debentures as part of an exercise of untradeable options. For further information, see Maalot's report dated
February 27, 2020 at:
https://www.maalot.co.il/Publications/495/IRPar20200227093716.pdf
or its unofficial English translation attached this report.
NOT FOR RELEASE OR DISTRIBUTION OR PUBLICATION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, SOUTH AFRICA OR SINGAPORE.
https://mayafiles.tase.co.il/rpdf/1206001-1207000/P1206884-00.pdf
or
https://maya.tase.co.il/reports/details/1225154 ; on
May 1, 2019 at:
https://maya.tase.co.il/reports/details/1226942 and on July 1, 2019 at:
About Partner Communications
Partner Communications Company Ltd. ("Partner") is a leading Israeli provider of telecommunications services (cellular, fixed-line telephony, internet and
television services). Partner’s ADSs are quoted on the NASDAQ Global Select Market™ and its shares are traded on the Tel Aviv Stock Exchange (NASDAQ and TASE: PTNR).
For more information about Partner see:
Contacts:
Chief Financial Officer
Tel: +972-54-781-4951
|
Ms. Liat Glazer Shaft
Head of Investor Relations & Corporate Projects
Tel: +972-54-781-5051
|
Partner Communications Co. Ltd.
...................................................................................
New Issuance
‘ilA+’ Rating Assigned To Bond Issuance Of
Up To NIS 15.1 Million Par Value Through A
Future Private Placement Of Options Dated
April 2019
Primary Credit Analyst
Additional Contact
Please note that this translation was made for convenience purposes and for the company's use only and under no circumstances shall obligate S&P
Global Ratings Maalot Ltd. The translation has no legal status and S&P Global Ratings Maalot Ltd. does not assume any responsibility whatsoever as to its accuracy and is not bound by its contents. In the case of any discrepancy with the
official Hebrew version published on February 27, 2020, the Hebrew version shall apply.
|
New Issuance
‘ilA+’ Rating Assigned To Bond Issuance Of Up To NIS
15.1 Million Par Value Through A Future Private
Placement Of Options Dated April 2019
S&P Maalot hereby assigns its ‘ilA+’ rating to bonds of up to NIS 15.1 million par value to be issued by Partner Communications Co. Ltd. (ilA+/Negative)
through the expansion of Series G by exercising non-tradable options (see our rating report published on
April 17, 2019).
The proceeds from the issuance will be used to refinance existing debt and for
the company's ongoing activity.
For additional information on the rating and for other regulatory requirements, see our rating report dated
August 5, 2019.
Rating Detail (As of 27-Feb-2020)
|
Partner Communications Co. Ltd.
|
|
Issuer Credit Rating(s)
|
|
Local Currency Long Term
|
ilA+/Negative
|
|
|
Issue Rating(s)
|
|
Senior Unsecured Debt
|
|
Series D, F, G
|
ilA+
|
|
|
Rating History
|
|
Local Currency Long Term
|
|
|
ilA+/Negative
|
|
ilA+/Stable
|
|
ilAA-/Stable
|
|
ilAA-/Negative
|
|
ilAA-/Watch Neg
|
|
ilAA-/Negative
|
|
ilAA-/Stable
|
|
ilAA-
|
|
ilAA-/Watch Dev
|
|
ilAA-/Watch Pos
|
|
ilAA-/Stable
|
|
ilAA-/Positive
|
|
ilAA-/Stable
|
|
ilAA-
|
|
ilA+
|
|
ilA
|
|
|
Other Details
|
|
Time of the event
|
09:30 27/02/2020
|
Time when the analyst first learned of the event
|
09:30 27/02/2020
|
Rating requested by
|
Issuer
|
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