Ellomay Capital Ltd. disclosed proposed amendments to the deeds of trust for its Series E, F, and G debentures in connection with a recent change of control, including increases in annual interest rates effective June 4, 2026, decreases in early redemption spreads, and updates to the change of control immediate repayment provision to reference O.Y. Nofar Energy Ltd. and Mr. Ofer Yanay instead of Messrs. Ran Fridrich and Shlomo Nehama. The amendments are subject to approval by holders of each series of debentures.
Key takeaways
Series E Secured Debentures: annual interest rate increase from 6.05% to 6.15% commencing June 4, 2026
Series E Secured Debentures: early redemption spread decrease from 1.25% to 1% commencing June 4, 2026
Series F Debentures: annual interest rate increase from 5.5% to 5.75% commencing June 4, 2026, eliminated if rated above Baa1.il
Series F Debentures: early redemption spread decrease from 1.75% to 1.3% commencing June 4, 2026
Series G Debentures: annual interest rate increase from 6.34% to 6.59% commencing June 4, 2026, eliminated if rated above Baa1.il
All series: amendment to Section 9.1.23 change of control provision referencing O.Y. Nofar Energy Ltd. and Mr. Ofer Yanay