Sapiens Consummates Israeli Public Offering of Series B Debentures
HOLON,
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The Series B Debentures will be listed for trading on the
The offering of the Series B Debentures was consummated to Israeli institutional and public investors pursuant to a shelf prospectus and supplementary shelf offering report that Sapiens filed in
"Sapiens is very pleased with the results of this public debt offering in
Al-Dor added: "We will be using this new long term debt for general corporate purposes, including repayment of our existing bank loan, strengthening our balance sheet, providing us with additional working capital to support our development needs, and pursuing additional M&A business opportunities as they arise."
About Sapiens
No Offering in
This press release is not an offer of Sapiens' Series B Debentures in
Forward Looking Statements
Some of the statements in this press release may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities and Exchange Act of 1934 and the United States Private Securities Litigation Reform Act of 1995. Words such as "will," "expects," "believes" and similar expressions are used to identify these forward-looking statements (although not all forward-looking statements include such words). These forward-looking statements, which may include, without limitation, projections regarding our future performance and financial condition, are made on the basis of management's current views and assumptions with respect to future events. Any forward-looking statement is not a guarantee of future performance and actual results could differ materially from those contained in the forward-looking statement.
These statements speak only as of the date they were made, and we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. We operate in a changing environment. New risks emerge from time to time and it is not possible for us to predict all risks that may affect us. For more information regarding these risks and uncertainties, as well as certain additional risks that we face, please refer to the Risk Factors detailed in Item 3.D of our Annual Report on Form 20-F for the year ended
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