Brothers CEO of Brothers and Owner Secures ₪280 Million Credit Line
Translated & summarized from Calcalist by baba
The six-year loan will fund the company's expansion and is secured by project surpluses. This follows the recent sale of its solar roofing subsidiary for ₪200 million. The deal involved multiple legal and financial representatives from both sides.
The story in 3 lines · by baba
- The six-year loan will be used to expand the company's operations.
- The credit facility is secured by future surpluses from the company's projects.
- The company recently sold its solar roofing subsidiary, Highlight, for ₪200 million.
This move follows the company's sale of its solar roofing subsidiary, Highlight, to Nofar Energy for ₪200 million approximately one month ago.
The six-year loan will be used to expand the company's operations and will be secured by surpluses generated from some of its projects.
The Partner at Reality Finance and Zvika Ratig, both partners at Reality Finance, led the transaction for the fund. Menora Mivtachim was represented by Advocates Roie Gross and Avishai Sade from the law firm Ardonist Ben Nathan Toledano.