ICL Group Prices Private Offering of $800 Million Senior Notes Due 2036
ICL Group Ltd. (NYSE & TASE: ICL) (the “Company” or “ICL”) hereby announces the pricing of an offering (the “Offering”) to institutional investors pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”), of $800 million aggregate principal amount of senior unsecured notes due 2036 (the “Notes”), bearing interest at a rate of 6.036% to be paid semi-annually until maturity, issued at a price of 100% to yield 6.036% and with the principal amount to be repaid in one instalment at maturity. The Offering is expected to settle on June 16, 2026, subject to customary closing conditions, including listing of the Notes for trading on the institutional investor trading platform operated by the Tel Aviv Stock Exchange Ltd. (known as “TASE UP”).
ICL intends to use the net proceeds from the Offering for general corporate purposes, including the repayment, in part or in full, of outstanding borrowings under its revolving credit facility which matures in April 2030 (the “Revolving Credit Facility”) (following such repayment, the Revolving Credit Facility will remain available to ICL in accordance with its terms), the repayment of other debt, capital expenditures, investments and acquisitions, supporting our strategy.
