Loan & DebtJun 1, 2026, 06:12 AM
ICL Group Ltd. Announces Launch of Senior Notes Offering
AI Summary
ICL Group Ltd. has commenced an offering of new unsecured senior notes to fund general corporate purposes, including the repayment of outstanding borrowings under its revolving credit facility and other debt, capital expenditures, investments, and acquisitions. The offering's completion is subject to market conditions and TASE registration approval. The company is rated BBB- with a stable outlook by S&P and Fitch, and as of May 31, 2026, reported total net debt of $2,569 million.
Key Highlights
- ICL Group Ltd. launched an offering of new unsecured senior notes.
- Proceeds will be used for general corporate purposes, including debt repayment, capital expenditures, investments, and acquisitions.
- The company is rated BBB- with a stable outlook by Standard & Poor's and Fitch Rating Ltd.
- Notes will be offered to qualified institutional buyers in the US and qualifying investors offshore.
- Offering completion is contingent on market conditions and Tel Aviv Stock Exchange (TASE) registration approval.
- Total Net Debt as of May 31, 2026, was $2,569 million.
- Total Gross Debt was $2,893 million, with $634 million outstanding under the Revolving Credit Facility.
Price Impact
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