B Communication — Capital/Financing Update 2017

Jan 4, 2017

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

F O R M 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of January 2017

B COMMUNICATIONS LTD.

(Name of Registrant)

2 Dov Friedman Street, Ramat Gan 5250301, Israel

(Address of Principal Executive Office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ☐ No ☒

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- __________

B COMMUNICATIONS LTD.

EXHIBIT INDEX

The following exhibits are attached:

EXHIBIT NO. DESCRIPTION

99.1 A report of Bezeq - The Israel Telecommunication Corp. Ltd., a controlled subsidiary of B Communications - Additional credit provision undertaking for 2017.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

B COMMUNICATIONS LTD. (Registrant)

By /s/ Doron Turgeman

Doron Turgeman Chief Executive Officer

Date: January 4, 2017

B COMMUNICATIONS LTD.

EXHIBIT INDEX

EXHIBIT NO. DESCRIPTION

99.1 A report of Bezeq - The Israel Telecommunication Corp. Ltd., a controlled subsidiary of B Communications - Additional credit provision undertaking for 2017.

BezeqThe Israel Telecommunication Corporation Ltd. ("the Company")

To:	To:
The Israel Securities Authority	The Tel Aviv Stock Exchange Ltd.

Additional credit provision undertaking for 2017 (reportable credit)

Further to the description in section 2.13.4 of the chapter containing a description of the Company's business affairs in its 2015 statements ("2015 Statements") regarding the receipt of credit provision undertakings for 2017 in the amount of NIS 900 million, immediate notification is hereby provided that on January 4, 2017, the Company completed an additional contractual engagement with an institutional entity for the provision of credit to the Company in the amount of NIS 500 million in September 2017 (the "Additional Undertaking"), such that the aggregate credit provision undertakings to the Company in 2017 from banking/institutional entities currently amounts to NIS 1,400 million.

The total credit to be received under the credit provision undertakings to the Company in 2017 has an average duration of approximately 5 years from the credit provision date (repayments commencing June 2020 to December 2024) at an aggregate average interest rate (which also includes the cost for the undertaking periods) of approximately 4.2% (fixed nominal interest).

The terms of the Additional Undertaking and the loan to be provided pursuant thereto include terms which are similar to those of other loans taken by the Company (terms specified in Sections 2.13.4 and 2.13.5 of the 2015 Statements), including: an undertaking not to create additional liens on the Company's assets (subject to certain restrictions), an undertaking that in the event the Company assumed an undertaking towards any party regarding compliance with financial covenants, the Company would assume an identical undertaking also with respect to such credit (subject to certain exclusions) and customary immediate repayment terms (such as default events, insolvency, liquidation or receivership etc., and cross-default, subject to certain restrictions) which will also apply, mutatismutandis, to the credit provision period.

TheaboveinformationconstitutesatranslationoftheImmediateReportpublished bytheCompany.TheHebrew versionwassubmitted bythe CompanytotherelevantauthoritiespursuanttoIsraelilaw,and representsthebindingversionand theonlyonehavinglegaleffect.Thistranslation wasprepared for conveniencepurposesonly.