Mehadrin raises NIS338m via IPO
Mehadrin, which is controlled by the Delek Group, has successfully completed the institutional phase of its first bond issuance, raising NIS 338 million. The IPO saw demand exceed half a billion shekels, leading management to increase the original target from NIS 200 million to approximately NIS 340 million.
The Series A bond, valued at around NIS 340 million with a 4.6-year average life, is secured by the company’s assets at the Zirifin logistics centre and the packing house in Netanya.
The proceeds will be used to restructure existing debt, extend loan terms, and reduce interest rates, with the remainder directed towards expanding the company’s operations.
Goldfarb Gross Seligman advised Mehadrin on the issuance of its first series of bonds.
The team comprised Esther Koren (CPA), head of the Corporate and M&A Department, as well as fellow partner Shai Hagar, Yael Flatau Bilu, real estate partner, and associate Lior Neumann from the Corporate and M&A Department.
