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The latest update is out from Rani Zim ( (IL:RANI) ).
Rani Zim has announced the completion of a private placement of debentures (Series D) to qualified investors, following the issuance of a prospectus for a public offering. The debentures, amounting to 6 million units, will be listed on the Tel Aviv Stock Exchange with an interest rate of 4% per annum. The proceeds from this placement will be used for general corporate purposes, including debt repayment and financing new projects. The debentures are secured by a lien on company assets and are subordinated to other existing debts, with a single repayment installment due on December 31, 2024. The company is committed to maintaining a minimum equity of NIS 100 million and a maximum leverage ratio of 70% during the life of the debentures.
More about Rani Zim
YTD Price Performance: 2.30%
Average Trading Volume: 376,986
Current Market Cap: ILS808.3M
Learn more about RANI stock on TipRanks’ Stock Analysis page.