Nayax Ltd. announced the completion of a Notes and Warrants Offering in Israel, raising aggregate gross proceeds of NIS 496.5 million, approximately $137.1 million. The offering was significantly oversubscribed by 93.3%, indicating strong investor demand.
The company sold 486,291 units, each consisting of NIS 1,000 principal amount of Notes and three Warrants. The net proceeds from the offering, approximately NIS 486.2 million or $134.3 million, are intended for general corporate purposes, including debt repayment and potential acquisitions and investments.
The Notes are non-linked, bear a fixed annual interest rate of 5.9%, and will mature on September 30, 2030, with principal repayments commencing in September 2027. Each Warrant is exercisable into one Ordinary Share at an exercise price of NIS 177.80, representing an approximate 37% premium over the closing price of Ordinary Shares on March 6, 2025, and will expire on March 31, 2027.
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