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ADAMA Hero Default

22/01/2015 Adama Successfully Completes Debt Issuance

Oversubscription of over 1 billion NIS. The proceeds will be used to refinance existing debt facilities
ADAMA Hero Default

Tel-Aviv, Israel, 22 January, 2015

ADAMA Agricultural Solutions Ltd. (“the Company”) announced today the successful completion of a private debt issuance to qualified investors through the expansion of the Company's existing Series B debentures. The approximately NIS 700 million in proceeds, as well as approximately NIS 350 million in potential additional debenture funding to be received upon exercise of options, will be used to refinance existing debt.

The offering, which launched and closed within one business day, was met with strong institutional demand, with investors submitting orders for a total of NIS 1.8 billion (of which approximately NIS 600 million upon the exercise of options on the debentures), more than three times the amount the Company initially sought to raise.

As a result of the oversubscription, the Company increased the capital raise to close to NIS 700 million in immediate proceeds, with an additional approximately NIS 350 million in potential future funding to be received upon exercise of options. The closing offer price was higher than the market price, and investors who submitted orders at the closing price were allotted 87% of their orders. The investors in the offering included leading Israeli insurance companies and provident funds.

Chen Lichtenstein, President and CEO of Adama, said, “The strong participation and demand, within a short offering period, reflect the high level of confidence the Company enjoys from the capital market.”

Through the offering, the Company will issue units composed of:

· NIS 1,000 par value debentures (Series B) at a price of NIS 1,293 each, reflecting a yield of 4.54%

· 5 unlisted options, each of which may be converted into NIS 100 par value of debentures (Series B), reflecting the potential conversion into a total par value of NIS 500 of the debentures (Series B).

The debentures to be issued are rated ilAA- by Standard & Poor's Maalot.

About ADAMA Agricultural Solutions

ADAMA Agricultural Solutions Ltd., is the leading off-patent crop protection solutions company in the world. The Company’s comprehensive range of high-quality, differentiated and effective herbicides, insecticides and fungicides, help farmers worldwide to increase yields by preventing or controlling weeds, insects and disease that harm their crops. With one of the worlds most extensive and diversified off-patent product portfolios, ADAMA sells its products in more than 120 countries, with revenues of over $3 billion in 2013. ADAMA’s purpose is “Creating Simplicity in Agriculture” – striving to provide farmers accessible, easy-to-use solutions that simplify their lives and improve their crop yields. For more information, visit us at


Anna Wood

Global Public Relations Manager


Phone: +972 73 232 1941