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2025-04-14 14:48:09
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Calcalist - by layer3.news on Nostr: calcalist.co.il ✍️ Hertz Propertis, a company listed on the Tel Aviv Stock ...



✍️ Hertz Propertis, a company listed on the Tel Aviv Stock Exchange, has reached a debt settlement agreement with its creditors, with bondholders of Series A receiving only 28% of their debt, and bondholders of Series B receiving 100% of their debt.
👉 Hertz Propertis has reached a debt settlement agreement with its creditors
👉 Bondholders of Series A will receive only 28% of their debt
👉 Bondholders of Series B will receive 100% of their debt
👉 The company will receive a loan of $61.7 million from the sale of a property in Boston

#TelAviv #Boston #Louisiana #business


The BVI-registered company (incorporated in the British Virgin Islands) owes its bondholders 573 million shekels. While holders of Series B bonds, guaranteed by the company, will receive full repayment of 200 million shekels, holders of Series A, unguaranteed bonds, will be lucky to get 104 million shekels. Trading in the company's bond series was halted in December due to its entry into receivership proceedings.
https://www.calcalist.co.il/market/article/h1qhj990kx

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