TEL-AVIV, Israel, June 13, 2013 (GLOBE NEWSWIRE) -- Gazit-Globe (TASE:GZT) (NYSE:GZT), one of the world's leading multi-national real estate companies focused on the acquisition, development and redevelopment of supermarket-anchored shopping centers, announced today the closing of its public offering of 10,439,020 shares on the Tel-Aviv Stock Exchange at a price of NIS 47.9 per share (approx. $13.25 per share).
The gross proceeds are approximately NIS 500 million (approx. $138 million). Gazit-Globe intends to use the proceeds from the offering for general corporate purposes and to reduce outstanding lines of credit.
"The successful completion of this offering reflects our ongoing commitment to strengthen our balance sheet and increase the liquidity of our shares. This equity raise, together with our NIS 860 million ($238 million) long-term debt raise last week, provides our company with great flexibility to take advantage of growth opportunities in global real estate markets," said Roni Soffer, President of Gazit-Globe.
The underwriters syndicate was led by Clal Finance and Leader Capital Markets and included Discount Capital Markets & Investments, Poalim IBI, Leumi Partners, and Meitav.
Gazit-Globe is one of the largest owners and operators of supermarket-anchored shopping centers in the world. In addition, the Company is active in North America in the healthcare real estate sector. Gazit-Globe is listed on the New York Stock Exchange (NYSE:GZT) and the Tel Aviv Stock Exchange (TASE:GZT) and is included in the TA-25 and Real-Estate 15 indices in Israel. Gazit Globe owns and operates over 600 properties in more than 20 countries, with a gross leasable area of approximately 6.8 million square meters and a total value of more than $20 billion.
FOR ADDITIONAL INFORMATION
Gazit-Globe Headquarters, Tel-Aviv, Israel, Tel: +972 3 6948000 / New York Office, Tel: +1 212 897 9741
FORWARD LOOKING STATEMENTS
This release may contain forward-looking statements within the meaning of the U.S. federal securities laws. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of known and unknown risks and uncertainties, many of which are outside our control, that could cause our future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements. Important factors that could cause or contribute to such differences include risks detailed in our public filings with the SEC. Except as required by law, we undertake no obligation to update any forward-looking or other statements herein, whether as a result of new information, future events or otherwise.
CONTACT: Gazit-Globe Ltd. 1 HaShalom Rd. Tel Aviv, Israel 67892 +972 3 694 8000 For additional information: Gil Kotler, Senior Executive VP and CFO