Perion Announces That Standard & Poor's Maalot Reaffirms Bond Rating
TEL AVIV, Israel & SAN FRANCISCO--(BUSINESS WIRE)--
Perion Network Ltd. (NASDAQ: PERI) announced that Standard & Poor's
Maalot has reaffirmed the rating of 'ilA-' to a potential issuance by
Perion of up to $55 million aggregate principal amount of Series L
Convertible Bonds. An English version of the rating report and
notification, as well as Perion's investor presentation, will be
available in the "Investors" section of Perion's website (www.perion.com).
The execution, timing, terms and amount of such contemplated offering
have not yet been determined and are subject to approval of Perion's
Board of Directors. There is no assurance that such offering will be
executed, nor as to its timing, terms and amount.
Any securities, if offered, will not be registered under the U.S.
Securities Act of 1933 and will not be offered or sold in the United
States. This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities. Offers and sales, if
made, will be made by means of the shelf prospectus and a shelf offering
About Perion Network Ltd.
Perion powers innovation. Perion is a global performance-based media
and Internet company, providing online publishers and app developers
advanced technology and a variety of intelligent, data-driven solutions
to monetize their application or content and expand their reach to
larger audiences, based on our own experience as an app developer. Our
leading software monetization platform, Perion
Codefuel, empowers digital businesses to optimize installs, analyze
data and maximize revenue. Our app promotion platform, Perion
Lightspeed, enables developers to make wise decisions on where to
spend advertising budgets to produce the highest yield and the most
visibility. The Perion team brings decades of experience, operating and
investing in digitally-enabled businesses, and we continue to innovate
and create value for the app ecosystem. More information about Perion
may be found at www.perion.com.
Follow Perion on Twitter @perionnetwork.
Forward Looking Statements
This press release contains historical information and
forward-looking statements within the meaning of The Private Securities
Litigation Reform Act of 1995 with respect to Perion. Such statements
reflect the current views, assumptions and expectations of Perion with
respect to future events and are subject to risks and uncertainties.
Many factors could cause the actual results, performance or achievements
of Perion to be materially different from any future results,
performance or achievements that may be expressed or implied by such
forward-looking statements, including, among others, our failure to
receive requisite regulatory approvals for a particular offering, a
downgrade of our credit rating, a lack of robust interest in our
securities on the part of investors, the availability of more attractive
investments at the time of an offering by us, adverse developments in
our business or industry, general economic, market and political
conditions, and various other factors, whether referenced or not
referenced in this press release. Various other risks and uncertainties
may affect Perion and its business, as described in reports filed by the
Company with the Securities and Exchange Commission from time to time,
including its annual report on Form 20-F/A for the year ended December
31, 2013. Perion does not assume any obligation to update these
Source: Perion Network Ltd.
Perion Investor Relations
Deborah Margalit, +972-73-3981000
Source: Perion Network Ltd.
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