B Communications Ltd. says board approves Searchlight transaction
B Communications Ltd. reported that it has signed a definitive agreement with an investor group led by Searchlight Capital Partners and the Fuhrer Family Office. The transaction, if completed, will facilitate an overall cash injection of NIS 640M into the company's treasury, and as a result of the transaction, Bcom will fully repay its Series B Debentures and make an early repayment of NIS 614M on its Series C Debentures. "The transaction also reflects an equity component, including carrying out a rights offering issuance for the benefit of the company's shareholders. The company's board of directors approved the transaction considering, inter alia, the results of the company's debenture holders' meetings, including the Series C debenture holders' meeting held today, and voted in favor of the execution of the agreement," the company announced.