Elbit Systems NIS 1.9bn notes (Series B, C and D)
General corporate purposes, which may include operating and investment activities, mergers and acquisitions
Key terms
- Borrower or issuer
- Elbit Systems
- Date
- 7 Jul 2021
- Type
- Bond
- Amount
- ILS 1.9bn (US$588m)
- Pricing
- Series B 1.08%; Series C 2.12%; Series D 2.67%
- Maturity
- 2029 and 2035
Recorded terms
- Structure
- Public notes offering in Israel in three shekel tranches: Series B NIS 1.5bn due June 2029 (1.08%, unlinked), Series C NIS 200m due June 2029 (2.12%) and Series D NIS 200m due June 2035 (2.67%), both linked to the NIS/US$ exchange rate
- Country
- Israel
Parties
- Elbit Systems borrower or issuer
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 6 Aug 2021 | RTX (Raytheon Technologies) US$2,000m senior notes (2 tranches) | Bond | US$2bn |
| 7 Jun 2021 | Booz Allen Hamilton US$500m 4.000% senior notes due 2029 | Bond | US$500m |
| 10 Aug 2021 | Huntington Ingalls Industries US$1,000m senior notes (2 tranches) | Bond | US$1bn |
| 5 May 2021 | General Dynamics US$1,500m senior notes (3 tranches) | Bond | US$1.5bn |
| 29 Mar 2021 | BWX Technologies US$400m 4.125% senior notes due 2029 | Bond | US$400m |
M&A and investment involving Elbit Systems
| Date | Deal | Type | Value |
|---|---|---|---|
| 21 May 2025 | Elbit Systems US$512m share offering | Equity raise | US$512m |
| 25 Nov 2018 | Elbit Systems acquisition of IMI Systems | M&A | US$495m |
Sources
- Elbit Systems Form 6-K: results of public notes offering in Israel sec.gov · 7 Jul 2021
About this record
Record DEF-2021-0020, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
Senior notes are unsecured promises to pay, priced off government bonds; the prospectus sets the covenants, the change-of-control put and the redemption terms.
