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.
*The article has been translated based on the content of Source link by https://www.calcalist.co.il/markets/articles/0,7340,L-3866718,00.html
. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!
These were the details of the news Delek Group repaid its full obligation to the banks for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at news1.news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.