Edeltech Completes ILS 1.1bn Refinancing Deal

January 28th 2019

The Edeltech Group, which specializes in the construction and maintenance of private power plants, has secured a financing package of ILS 1.1 billion. This is a series of re-financing transactions to replace loans originally taken for the construction of the Negev Energy and Ashdod Energy Power Stations, with the money coming from a consortium led by Mizrahi Tefahot and Migdal, Phoenix, International Bank, Meitav Dash and Ayalon. Beta Finance advised Bank Mizrahi throughout the financing and negotiation process.

The borrowers, (controlled by Edeltech and Zorlu) were represented by Noa Meidan, Head of Project Finance and Infrastructure, Idan Hirschberg, and Yossi Daniel.

Click here to read the full article, published in financial newspaper Calcalist (in Hebrew).

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