ISRAEL: G. Willi-Food raises cash through private placement
G. Willi-Food International, one of Israel's largest food importers and supplier of kosher food products, has entered into agreements with institutional investors for the private placement of approximately 1.635m ordinary shares at US$6.05 per share.
The company said it expects to raise $10m before payment of placement agent commissions and other offering expenses.
As part of the deal, investors will receive warrants to purchase an additional 496,000 shares at $8 per share. These will expire in three years and are subject to call at the option of G. Willi-Food under certain conditions.
The financing is expected to close in the next ten to 15 days.
Companies: G. Willi-Food International
Israeli food importer G. Willi-Food has entered into an agreement with institutional investors for the private placement of approximately 1.653m G. Willi-Food shares at US$6.05 per share. The deal wil...
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