Israel’s Alon Blue postpones payment on series C notes until April 15

By Marisa Wong

Morgantown, W.Va., Feb. 16 – Alon Blue Square Israel Ltd. said it further postponed the payment of principal and interest due on its series C debentures until April 15.

The company recently postponed the payment date to March 3 from Feb. 29.

The original postponement was announced following a meeting of the series C bondholders held on Nov. 30.

The latest postponement was announced after the series C bondholders met on Monday to vote on Moti Ben-Moshe’s offer to acquire control of the company.

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

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