Capital/Financing Update • Aug 21, 2025
Capital/Financing Update
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Registration Number: 520036732
To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. Form Number: T121 (Public) Sent via MAGNA: 20/08/2025 Israel Securities Authority Website: www.isa.gov.il Tel Aviv Stock Exchange Website: www.tase.co.il Reference: 2025-01-062186
The corporation will schedule the report for publication on: 21/08/2025 09:00
Explanation: Do not use this form when there is a specific form for the reported event.
This reporting form is intended for material reports for which there is no suitable dedicated form.
Results of an issuance should be reported on T20 and not on this form.
Reporting on bond ratings or corporate ratings should be submitted using form T125.
Report Subject: Reportable Credit in the Subsidiary
_________, _________, _________.
Further to the immediate reports of the company dated October 18, 2023 (Reference: 2023- 01-095797) and November 26, 2024 (Reference: 2024-01-619051), and further to Note 20(b) to the consolidated financial statements of the company for 2024 as published in the company's periodic report for 2024 on March 26, 2025 (Reference: 2025-01-020559), which are incorporated herein by reference, regarding the loan provided to Tadiran Consumer Products and Technology Ltd. by a banking corporation (hereinafter: "the Loan"), the company updates that on August 20, 2025, an additional update was made to the loan terms, so that the loan will be repaid in a single payment on August 20, 2027, instead of October 18, 2026. Accordingly, the interest, which remains unchanged, will continue to be paid quarterly (in each of the months of November, February, May, and August), until August 2027, instead of October 2026 (in each of the months of January, April, July, and October). It is clarified that the other terms of the loan remain unchanged.
The company hereby updates that on August 20, 2025, Tadiran Consumer Products and Technology Ltd., a wholly owned subsidiary of the company (hereinafter: "the Subsidiary"), entered into a loan agreement with a banking corporation, according to which the Subsidiary will be provided with a loan in the amount of NIS 100 million at a variable annual interest rate of Prime -0.52% (unlinked) (hereinafter: "the Additional Loan"). The interest on the Additional Loan will be paid quarterly (in each of the months of November, February, May, and August), starting from November 2025 until August 2027, and the principal of the Additional Loan will be repaid in a single payment at the end of a 24-month period, i.e., on August 20, 2027. It should be noted that the Additional Loan as stated will be provided to the Subsidiary for the purpose of financing its ongoing operations and will also be used to repay short-term utilized credit lines of up to approximately NIS 100 million that were provided to the Subsidiary by banking corporations.
The Additional Loan will be subject to the general terms existing between the Subsidiary and the banking corporation, which include, among other things, customary undertakings regarding the taking of credit, as well as customary immediate repayment events, including, among others, provisions regarding breach of undertakings; appointment of a receiver, special manager, trustee, or other relevant officer in connection with the cases detailed below, whether permanent or temporary: attachment, creditors' arrangement, voluntary liquidation, and insolvency events in the Subsidiary; change of control in the Subsidiary; cross-default event, whereby the banking corporation will be entitled to call for immediate repayment of the Additional Loan if the Subsidiary is required to repay any of its debts or obligations, in whole or in part, existing or future, to other parties, whether by immediate repayment or otherwise; structural changes; cessation of business activity for a specified period, material change in the nature or geographic area of business activity; license cancellation; if an event occurs or a change takes place (or a series of events or changes) that may have a material adverse effect on the business activity or financial condition of the Subsidiary or may jeopardize the bank's ability to be repaid for the Additional Loan; impairment of the value of the securities provided to the bank, etc. It should be noted that as part of the ongoing engagement with the banking corporation, the Subsidiary has provided the banking corporation with securities, including a fixed and first-ranking charge on inventory and receivables.
The company is not a shell company as defined in the Stock Exchange regulations.
Date the corporation first became aware of the event: 20/08/2025 Time: 16:30
| # | Name | Position |
|---|---|---|
| 1 | Ayelet Krishpin |
Other: Chief Legal Counsel and VP |
Explanation: According to Regulation 5 of the Periodic and Immediate Reports Regulations (1970), a report submitted under these regulations must be signed by those authorized to sign on behalf of the corporation. Staff position on the matter can be found on the Authority's website: Click here.
Short Name: TADIRAN GROUP LTD
Address: Rabinitsky 9, Petah Tikva, 4900615 Phone: 03-9283372 Fax: 03-9283336
Email: [email protected] Company Website: www.tadiran-group.co.il
Previous names of the reporting entity: Tadiran Holdings Ltd., Crystal Consumer Products Ltd., Top-Line The Israeli Company for Import and Marketing of Electrical Products
Electronic Reporter Name: Krishpin Ayelet Hasia Position: Chief Legal Counsel and VP Employer Company Name:
Address: Rabinitsky 9, Petah Tikva, 4900615 Phone: 03-9283372 Fax: 03-9283336 Email: [email protected]
Form Structure Update Date: 06/08/2024
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