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Israel In-Focus: Elbit Imaging Raises $10 Million

December 1, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Elbit Imaging Ltd. (NASDAQ: EMITF) said that it has consummated a private placement of NIS 35 million (around $10 million) principal amount of its series D notes as an expansion to the existing series D notes traded on the Tel Aviv Stock Exchange.

The notes mature in 2020, will be linked to the Israeli consumer price index and will make annual payments of principal and semi-annual payments of interest at the rate per annum of 5%, linked to the Israeli consumer price index.

Israel-based Elbit Imaging operates range of business, including real estate, hotels, medical imaging, apparel and other activities.

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