One more step has been taken towards a debt arrangement at Africa-Israel Investments Ltd. (TASE:AFIL). The company reported to the Tel Aviv Stock Exchange (TASE) today that Lev Leviev and Moti Ben-Moshe had reached agreement with representatives of the company's bondholders on the basic principles for a debt arrangement. At the same time, the company emphasized in its report that the principles of the arrangement had not been settled, and that the outline had in any case not yet been brought for discussion before the special committee of the board of directors for handling the debt arrangement. RELATED ARTICLES Moti Ben-Moshe ups bid for Africa-Israel There is no guarantee that the parties will reach agreement on the particulars of the arrangement, or that the company and the bondholders' representatives will approve the proposal. Published by Globes [online], Israel Business News - www.globes-online.com - on May 28, 2017 © Copyright of Globes Publisher Itonut (1983) Ltd. 2017
