Perion Network Announces Results of Its Convertible Bond Offering in Israel
TEL AVIV, Israel & SAN FRANCISCO--(BUSINESS WIRE)--
Perion Network Ltd. (NASDAQ:PERI) (TASE:PERI) today announced, further
to its announcement of September 22, 2014, that the public tender for
its 5% Series L Convertible Bonds has been completed. At the closing of
the public offering, the Company will issue Bonds having an aggregate
amount of approximately NIS 143.5 million par value (approximately $39.2
million) at a price of NIS 965 per unit of NIS 1,000 par value.
The total net proceeds to be received by the Company is approximately
NIS 136.5 million (approximately $37.3 million).
The offering described in this press release was made only in
Israel and only to residents of Israel. The Bonds will not be registered
under the U.S. Securities Act of 1933 and will not be offered or sold in
the United States or to U.S. persons. This press
release shall not constitute an offer to sell or the solicitation of an
offer to buy any Bonds.
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, 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 forward-looking statements.
Source: Perion Network Ltd.
Perion Investor Relations
Source: Perion Network Ltd.
News Provided by Acquire Media
Close window | Back to top