Gilat Satellite Networks prices unregistered Notes Series 1 private placement at USD 1 per USD 1 par value
GILT•Private placement of Notes Series 1
Gilat Satellite Networks launched a private placement of Notes (Series 1) to institutional investors in Israel at USD 1 per USD 1 par value.
- The offering is structured under Regulation S as an unregistered sale under the U.S. Securities Act of 1933.
- Completion is conditional on board authorization for the allotment of the Notes.
- It also requires Tel Aviv Stock Exchange clearance to list the Notes for trading on the TASE-UP institutional platform within 21 days of the acceptance notice.
- The Notes carry resale restrictions, including a 40-day prohibition on sales to U.S. Persons from the original allotment date.
