Elbit Systems Announces An Update By S&P Global Ratings Maalot Ltd. With Respect To A Rating Issued For Potential Notes Offering By Elbit Systems

By AIT News Desk On Jul 6, 2021

Elbit Systems Ltd. announced further to its announcements from June 10, 2021 of a potential notes offering in Israel and of June 15, 2021 of the issuance by S&P Global Ratings Maalot Ltd. (“Maalot”) of an “ilAA” (on local scaling) rating with a stable outlook (the “Rating”), to the potential new notes that may be issued by the Company, that the Rating applies to the potential new notes that may be issued by the Company, in an aggregate amount of approximately NIS 2 billion (approximately $613 million) nominal value (“Maalot’s Announcement”).

Maalot’s official rating report in Hebrew was submitted to the Israel Securities Authority (the “ISA”) and the Tel Aviv Stock Exchange Ltd. (the “TASE”). An unofficial English translation of Maalot’s rating report was submitted by the Company on Form 6-K to the U.S. Securities and Exchange Commission (the “SEC”). Maalot’s Announcement in Hebrew was submitted to the ISA and the TASE and an unofficial translation thereof will be submitted by the Company on Form 6-K to the SEC.

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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 does not constitute a solicitation or an offer to buy any securities.