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Makhteshim Agan Completes Debt Financing of $281 Million

9:47 AM MST | January 17, 2012 | Sotirios Frantzanas

Makhteshim Agan (Tel-Aviv) says it has completed a public tender for the purchase of the company's Series B and D debentures, and announced the results of the debt financing. The combined value of the debentures that will be issued is shekel 1.08 billion ($281 million). Issuing the debentures will serve the purpose of refinancing debentures that matured in November 2011, and funding Makhteshim's continuing growth, the company says. Makhteshim responded last week to strong demand for the company's debentures during the institutional tender, by exercising its...

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