Loan & DebtMay 7, 2026, 04:24 PM
Ellomay Capital to Repay NIS 170M Series E Debentures Early
AI Summary
Ellomay Capital Ltd. announced the fulfillment of conditions for the sale of its indirect holdings in Ellomay Luzon Energy Infrastructures Ltd., with closing expected in the coming days. Concurrently, the Board approved the conditional early repayment in full of its Series E Secured Debentures, totaling approximately NIS 170 million (approximately 49.7 million). The early repayment is scheduled for May 24, 2026, and is conditional upon the sale of the Ellomay Luzon Energy Shares, though the company may waive this condition. Following the repayment, the Series E Secured Debentures will be fully repaid and delisted from the Tel Aviv Stock Exchange.
Key Highlights
- Conditions fulfilled for the sale of Ellomay Luzon Energy Shares; closing expected soon.
- Board approved early repayment of Series E Secured Debentures in full.
- Early repayment scheduled for May 24, 2026, conditional on the share sale.
- Aggregate repayment amount is approximately NIS 170 million (approximately 49.7 million).
- Repayment includes NIS 165 million principal, NIS 1.5 million accrued interest, and NIS 3.5 million prepayment fee.
- Series E Secured Debentures will be fully repaid and delisted from Tel Aviv Stock Exchange.
- Company intends to deposit Financial Collateral to cancel pledges on Ellomay Luzon Energy Shares.