012 Smile.Communications Announces a NIS 3.9 Billion Financing Agreement with a Consortium Led by Bank Hapoalim to Fund Its A...
11 Februar 2010 - 9:28AM
Business Wire
Internet Gold - Golden Lines Ltd. (NASDAQ: IGLD) today announced
that its 75.34% owned subsidiary, 012 Smile.Communications Ltd.
(Nasdaq: SMLC - News), a member of the Eurocom Group, announced
today that it has signed a NIS 3.9 billion (approximately $1.04
billion) financing agreement with a consortium led by Bank Hapoalim
BM to facilitate the funding of the previously announced
acquisition by the 012 Smile Group of the controlling interest in
Bezeq - The Israel Telecommunication Corp., Israel’s largest
telecommunications provider (TASE: BZEQ).
The financing will be provided to the 012 Smile Group by a
consortium led by Bank Hapoalim BM, which is expected to include
Bank Leumi le-Israel BM, Amitim (Senior Pension Funds), Israel
Discount Bank, Mizrahi Tefahot Bank, HSBC, First International Bank
of Israel and Union Bank. Bank Hapoalim BM will serve as the
manager of the loan.
In addition, Bank Hapoalim BM will provide the 012 Smile Group
with a short-term loan in the amount of NIS 700 million
(approximately $187 million).
About 012
Smile.Communications
In October 2009, Internet Gold announced that its approximately
75.34% owned subsidiary 012 Smile.Communications (Nasdaq: SMLC) has
signed a definitive agreement to purchase the controlling interest
(approximately 30.6%) in Bezeq, The Israel Telecommunication Corp.,
Israel’s largest telecommunications provider (TASE: BZEQ).
For further information, please visit our website:
http://www.Igld.com.
Forward-Looking
Statements
This press release contains forward-looking statements that are
subject to risks and uncertainties. Factors that could cause actual
results to differ materially from these forward-looking statements
include, but are not limited to risks associated with the pending
acquisition by 012 Smile.Communications of the controlling interest
in Bezeq, The Israel Telecommunication Corp. and other risks
detailed from time to time in Internet Gold’s filings with the
Securities Exchange Commission. These documents contain and
identify other important factors that could cause actual results to
differ materially from those contained in our projections or
forward-looking statements. Stockholders and other readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date on which they are made.
We undertake no obligation to update publicly or revise any
forward-looking statement.
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