ICL Group Ltd. Prices Private Offering of $800 Million Senior Notes Due 2036
ICL Group Ltd. has announced the pricing of an offering of $800 million in aggregate principal amount of senior unsecured notes due 2036. These notes will bear interest at a rate of 6.036%, payable semi-annually, and will mature in 2036. The offering is being made to institutional investors and is expected to settle on June 16, 2026. The net proceeds from the offering will be used for general corporate purposes, including the partial or full repayment of outstanding borrowings under its revolving credit facility, other debt repayments, capital expenditures, investments, and acquisitions to support the company's strategy. The notes have not been registered under the U.S. Securities Act of 1933 and may only be offered or sold in the United States to qualified institutional buyers (QIBs) and in offshore transactions to qualifying investors in compliance with applicable regulations. The offering is subject to customary closing conditions, including the listing of the notes on the Tel Aviv Stock Exchange's "TASE UP" platform.