Delek Group repaid its full obligation to the banks

Delek Group repaid its full obligation to the banks
Delek Group repaid its full obligation to the banks
Delek Group repaid its full obligation to Poalim Banks, Mizrahi Tefahot, Discount, Namura and HSBC.

Read more in Calcalist:

Today (Wednesday), the group repaid the last NIS 342 million received from the sale of control of Delek Israel, which amounted to NIS 525 million.

Yitzhak Tshuva, the controlling owner of the Delek Group Photo: Eyal Toug

Last March, the debt amounted to NIS 1.2 billion and Delek gradually repaid it from the sale of assets, including control of Cohen Pituach, Mehadrin, Delek Israel Desalination Engineering and the super royalties of the Tamar gas project.

Last week, Delek received an additional NIS 600 million from securing the super royalties on the Whale Reservoir, and these were transferred to the bondholders, to whom the company controlled by Yitzhak Tshuva owes more than NIS 5 billion.

Holders will also receive 40% of Delek Drilling shares as a lien on their debt after a question has been released from the five banks.

Following the realization strategy led by CEO Idan Wells, Delek was left without a bank debt to pay off a $ 137 million debt from its subsidiary dkl which is due to be repaid from dividends to be distributed by Ithaca, the company that acquired Delek and which engages in drilling in the North Sea.


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