Alon Blue Square Israel again delays record date for series C notes

By Susanna Moon

Chicago, Nov. 25 – Alon Blue Square Israel Ltd. postponed the record date for the payment of principal and interest on its series C debentures, this time until Dec. 8, and set the payment date at Dec. 15, according to a company notice.

The company said on Nov. 12 that it postponed the record date for the payment of principal and interest on its series C debentures by two days to Nov. 26 and set the payment date at Dec. 8.

The payment date for principal and interest on the series C debentures was delayed from Nov. 24.

Alon Blue Square previously said that the series C bondholders voted to authorize the series C trustee to negotiate a creditors’ arrangement based on a debt repayment arrangement framework and postpone the date for payment of principal and interest on Alon’s series C debentures to Dec. 15 from Nov. 24.

As previously reported, the arrangement framework was announced on Nov. 2.

The payment schedule for all financial creditors will be amended under the proposed framework.

Based in Rosh Ha’Ayin, Israel, Alon Blue Square owns and operates supermarkets and specialty stores.

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