Mekorot Water Company has issued bonds worth US$277 million
June 2019 — Mekorot Water Company (Mekorot) has completed a fundraising to refinance and develop the company.
Mekorot is a wholly-owned government company under the purview of the Ministry of Energy and Water and the Ministry of Finance. Mekorot was defined in the Water Law as the national water company and it is accountable to the Water Authority – the regulator that supervises Mekorot’s activities on behalf of the state. The company was founded in 1937, before the establishment of the state. Since then, it has made a profound national contribution to realizing the Zionist vision and transforming it into a sustainable reality. The infrastructure and huge water plants founded by Mekorot have essentially facilitated life in Israel and provided solutions, at all times, to all sectors – households, fields, farmers and industrial plants.
Our role in the transaction
Oaklins’ team in Israel advised Mekorot Water Company and acted as a member of the distributors’ consortium.
Talk to the deal team
Related deals
Bolster Investment Partners has secured debt financing for the acquisition of Royal Taste Company
Bolster Investment Partners has partnered with Royal Taste Company, a leading Dutch custom signature coffee platform offering end-to-end sourcing, blending, roasting, packaging and delivery services. The partnership marks an important next step in Royal Taste Company’s growth trajectory, focused on further geographical expansion, commercial development and selective strategic acquisitions.
Learn moreBerner Group has completed a US$23.4 million private credit financing
Berner Group has successfully closed a US$23.4 million secured private credit facility to fund the repositioning of a former rehabilitation clinic into a student housing scheme in the Rhine-Main region of Germany. The financing was provided by a private debt fund, and structured across three tranches to address the specific requirements of the transaction, including the refinancing of existing bank facilities, funding of capital expenditure and operating costs during lease-up and a conditional tranche linked to the completion of fire safety and remediation works. The deal was structured with a comprehensive security package comprising a first-ranking land charge, share pledge and subordination agreements with existing lenders. Approximately 1% cash equity was contributed by the sponsor, reflecting the strength of the underlying asset and business plan.
Learn moreForza Doors has secured new debt facilities
Forza Doors Ltd. has secured new senior debt facilities from Triple Point. The new debt facilities will be used to refinance the business and support its future growth.
Learn more