Another U.S. developer with bonds in Israel is facing a coronavirus cash flow crunch, and is seeking bondholder approval to restructure its debt. Alex Sapir’s Sapir Corp. has proposed a restructuring of its roughly $44 million (150 million shekel) bond series, with an immediate prepayment of about $8 million, a higher interest rate, and an extension of the maturity date by three years, according to documents filed over the past week on the Tel Aviv
source https://therealdeal.com/2020/08/20/sapir-corp-seeks-bondholder-approval-for-44m-debt-restructuring/
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