Sapiens is Considering a Public Offering in Israel of a New Series of Debentures
HOLON,
(Logo: http://photos.prnewswire.com/prnh/20160803/395300LOGO )
Sapiens reported today to the
Any such offering would require the filing of a supplementary shelf offering report, which itself is subject to certain approvals. The offering of Debentures would be made solely in
"Sapiens is always seeking to diversify its sources of financing in order to improve its financial flexibility," said
Al-Dor added: "Our goal is to strengthen our balance sheet, to provide additional working capital to support our customers' development needs and to continue to pursue M&A business opportunities we see ahead".
About Sapiens
No Offering in
This press release is not an offer of securities for sale in
Forward Looking Statement
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 of Part III of our Annual Report on Form 20-F for the year ended
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