Sapir Corp’s Israeli bondholders have decided that it’s a good idea to give the development firm a few more years to pay off its debt, given current economic uncertainty caused by coronavirus. In a Monday vote, investors in Sapir Corp.’s $44 million bond series overwhelmingly approved of the company’s proposal to push back the maturity date from 2022 to 2025. In exchange, the Alex Sapir-led company agreed to an immediate prepayment of about $8 million
source https://therealdeal.com/2020/08/25/bondholders-approve-sapir-corp-debt-restructuring/
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