31.05.2016 | AYR represents Kavim public transportation Ltd. in a re-financing agreement in an amount of NIS 760 million
On April 13th 2016 Kavim Public Transportation Ltd. entered into in a Re-Financing transaction with a consortium led by Israel Discount Bank, pursuant to which Kavim was provided with financing in the amount of NIS 760 million from the consortium. The financing included, inter alia, the repayment of credit previously provided to Kavim by a consortium led by Bank Hapoalim, repayment of shareholders loans, repayment of a bridge loan, provision of credit for the purpose of financing future equipping by Kavim and the provision of guarantees in the amount of NIS 70 million.
The Re-Financing transaction is one of the largest and most prominent financing transactions made in Israel in the public transportation field for the year 2016.
Advocates Yoav Caspi, Assaf Lapid and Sariel Cohen of our firm represented Kavim