Elbit Systems has filed plans to raise funds from the capital market
over the next two years, Middle East Newsline reported. The company said at least $350 million would be
raised through the stock exchanges in Israel and the United States.
"The company has not yet made any decision as to the offering of any
securities, nor as to its scope, terms or timing, and there is no certainty
that such an offering will be made," Elbit said on May 17.
Also In This Edition
Executives said Elbit has filed a shelf prospectus with the Israel
Securities Authority and the Tel Aviv Stock Exchange. They said the
certificate would permit the company to raise funds through the issuance of
notes over the next two years.
"Any offering of securities pursuant to the shelf prospectus and any
supplemental shelf offering report, if made, will be made only in Israel,"
Elbit said.
On May 13, Elbit Systems, traded on the Nasdaq exchange, said its
securities have been graded Aa1 for unsecured bonds. The company said the
notes were expected to be issued soon.
Executives said Elbit plans to invest in additional acquisitions in
Europe and the United States. The company has reported a drop in revenues in
2010 amid a delay in new projects.
ShareThis
