Elbit Imaging Ltd (EMITF)

[midastouch017]

Elbit Imaging Announces That the Israeli Series a Bondholders of Plaza Triggers the Immediate Repayment of the Entire Outstanding Debt

TEL AVIV, ISRAEL / ACCESSWIRE / December 21, 2017 / Elbit Imaging Ltd. ("EI" or the "Company") (TASE: EMITF; NASDAQ: EMITF) announced today, that Plaza Centers N.V ("Plaza") announced that the Israeli Series A bondholders triggered the immediate repayment of the entire outstanding debt under the Series A trust deed.
Further to the Company's announcement dated December 14, 2017 (regarding the Israeli court order that the mandatory repayment amounts due to Plaza's Israeli series A bondholders and Plaza's Israeli series B bondholders should be allocated according to the ratios set out in Plaza's restructuring plan), Plaza announced that it intends to examine in the upcoming days how to treat the remainder of the funds, which were not allocated in the last repayment date, due to such changes in the circumstances.