Our firm represented entities in the Migdal Group in a financing transaction with Ami A.A. Services and Properties Ltd. (“Ami Group“), a company engaged in the development, operation, and management of income-producing real estate assets. As part of the transaction, Migdal will provide Ami Group with credit facilities in an aggregate amount of NIS 350 million, which will be secured, in part, by charges over the assets whose acquisition will be financed by the credit facilities and by a guarantee from the controlling shareholder. The transaction involved numerous complex aspects, including preparations for Ami Group’s expected IPO, as well as an equity component under which entities in the Migdal Group were granted options to purchase shares in Ami Group once those shares become publicly traded, whether through an initial public offering or a merger with a public company.