Delek Group Ltd. (TASE: DLEKG), controlled by Yitzhak Tshuva, has announced that it has completed the early repayment of all its debts to the banks, which totaled about NIS 1.2 billion, as of March 2020. Delek also announced that following the completion of a deal to take debt against $180 million worth of royalties from the Leviathan gas field, it will make a $151 million bond offering, less the safety cushion for interest payments (about $21 million), to the trustee holding the Group's bonds. This money will be used for future bond repayments. RELATED ARTICLES Delek Group sells 70% Delek Israel stake Delek Drilling removes veto on Tamar gas deal with IEC Delek Group reports NIS 326m Q2 loss The conversion of Leviathan super royalties into bonds was completed several days ago after the agreement was signed to sell 70% of Delek Group subsidiary Delek Israel to Lahav LR Real Estate Ltd. (TASE: LAHAV) and businessman Uri Mantzur for NIS 525 million. Published by Globes, Israel business news - en.globes.co.il - on October 29, 2020 © Copyright of Globes Publisher Itonut (1983) Ltd. 2020
