ICL completes USD800m senior notes offering
ICL Group Ltd. completed a private offering of USD 800 million aggregate principal amount of senior unsecured notes due 2036 to institutional investors under Rule 144A and Regulation S. The notes carry a 6.036% coupon and were issued at par, with trading on TASE UP, the Tel Aviv Stock Exchange’s institutional investor platform, beginning on June 17, 2026.
The notes were rated BBB- by S&P Global and Fitch Ratings. ICL said the proceeds are intended for general corporate purposes, including repayment of borrowings under its revolving credit facility.
Chapman and Cutler represented trustee Reznik Paz Nevo Trusts Ltd., with Michael Friedman and John Hitt advising on the transaction. FBC & Co. acted for ICL Group. Cleary Gottlieb and Goldfarb Gross Seligman represented the investment banks.
