Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (“Elbit Systems”) announced today that it is considering, and the Board of Directors has authorized management to prepare for, a notes offering in Israel (the “Notes”), under the Company’s shelf prospectus dated September 30, 2020 (the “Shelf Prospectus”), which was described in the Company’s press release dated September 29, 2020 (the “Offering”). It is planned that the Notes will be listed on the Tel Aviv Stock Exchange, and offered in a uniform public offering, under an Israeli shelf offering report that the Company will publish, pursuant to the Israeli Securities Law, 1968, and the regulations promulgated thereunder.
The execution, timing, terms and amount to be raised in the contemplated Offering have not been finally determined and are subject to further approval of the Company’s Board of Directors and the approval of the Tel Aviv Stock Exchange. There is no assurance that the Offering will be completed.
In preparation for the potential Offering, the Company has published today in Israel draft Deeds of Trust and summaries of their terms in Hebrew.
Any securities, if offered, will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States or to U.S. Persons (as defined in Regulation “S” promulgated under the Securities Act) without registration under the Securities Act or an exemption from the registration requirements of the Securities Act. Any offering of securities pursuant to the Shelf Prospectus and any shelf offering report, if made, will be made only in Israel. This announcement shall not constitute a solicitation or an offer to buy any securities.