Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (“Elbit Systems” or the “Company”) announced today, following its announcement from June 10, 2021 of a potential notes offering in Israel (the “Offering”), that S&P Global Ratings Maalot Ltd., an Israeli rating agency (“Maalot”), announced today that it had assigned an “ilAA” (on local scaling) issuer rating to the Company, and an “ilAA” rating with a stable outlook, to the potential new notes that may be issued by the Company, in an aggregate amount of approximately NIS 1.2 billion (approximately $370 million) nominal value.
Maalot’s official rating report in Hebrew will be submitted to the Israel Securities Authority and the Tel Aviv Stock Exchange (the “TASE”). An unofficial English translation of Maalot’s rating report will be submitted by the Company on Form 6-K to the U.S. Securities and Exchange Commission.
The execution, timing, terms and amount to be raised in the contemplated Offering have not been finally determined and are subject to further approval of the Company’s Board of Directors and the approval of the TASE. There is no assurance that the Offering will be completed.
Any securities, if offered, will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States or to U.S. Persons (as defined in Regulation “S” promulgated under the Securities Act) without registration under the Securities Act or an exemption from the registration requirements of the Securities Act. Any offering of securities pursuant to the Company’s shelf prospectus dated September 30, 2020 and any shelf offering report, if made, will be made only in Israel. This announcement shall not constitute a solicitation or an offer to buy any securities.