SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15a-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
Report on Form 6-K dated
July 1, 2019
Partner Communications Company Ltd.
(Translation of Registrant’s Name Into English)
8 Amal Street
Afeq Industrial Park
Rosh Ha’ayin 48103
Israel
(Address of Principal Executive Offices)
(Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.)
Form 20-F ☒ Form 40-F ☐
(Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)
Yes ☐ No ☒
(If “Yes” is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- )
This Form 6-K is incorporated by reference into the Company’s Registration Statements on Form S-8 filed with the Securities and Exchange Commission on December 4, 2002 (Registration No. 333-101652), September 5, 2006 (Registration No. 333-137102), September 11, 2008 (Registration No. 333-153419), August 17, 2015 (Registration No. 333-206420), November 12, 2015 (Registration No. 333-207946), March 14, 2016 (Registration No. 333-210151) and on December 27, 2017 (Registration No. 333-222294), November 21, 2018 (Registration No. 333-228502)
Enclosure: Partner Communications announces issuance of company debentures (Series G) following exercise of option warrants (Series A)
PARTNER COMMUNICATIONS ANNOUNCES ISSUANCE OF
COMPANY DEBENTURES (SERIES G)
FOLLOWING EXERCISE OF OPTION WARRANTS (SERIES A)
ROSH HA'AYIN, Israel, July 1, 2019 - Partner Communications Company Ltd. ("Partner" or "the Company") (NASDAQ and TASE: PTNR), a leading Israeli communications operator, announces that further to the immediate report of the Company dated May 1, 2019 (ref no. 19784645) ("the Previous Report"), 385,000 option warrants of the Company (Series A) that are exercisable for NIS 38,500,000 par value of Series G debentures of the Company, were exercised.
The option warrants (Series A) were exercised at a discount rate of 0.566%, and therefore the weighted discount rate for July 1, 2019 that applies to the Series G debentures is 0.078%.
In addition, notwithstanding the provisions of the paragraph that begins with the words "Each holder of an option warrant…" in the Previous Report, the Company wishes to inform that a holder of option warrants (Series A and B) that are exercisable for debentures (Series G) of the Company ("the Option Warrants") will not have to declare under the terms of the Option Warrants, that it is a resident of Israel. For the avoidance of doubt, it is clarified that the remainder of the holder's declaration, as stated in that paragraph, will remain unchanged.
Standard & Poor’s Global Ratings Maalot Ltd. ("Maalot") has announced an ilA + rating for the issuance of debentures in an amount of up to NIS 326 million par value that will be issued through an expansion of Series G debentures as part of an exercise of untradeable options. For further information, see Maalot's unofficial English translated report dated June 30, 2019 attached to this Company report on Form 6-K.
NOT FOR RELEASE OR DISTRIBUTION OR PUBLICATION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, SOUTH AFRICA OR SINGAPORE.
For additional details regarding the Company's Series G debentures, see the Company's Shelf Offering Report that the Company published on January 3, 2019 (on Form 6-K) at:
https://mayafiles.tase.co.il/rpdf/1206001-1207000/P1206884-00.pdf
the Company's press releases and immediate reports (on Form 6-K) dated April 17, 2019 at:
or https://maya.tase.co.il/reports/details/1225154 and on May 1, 2019 at:
https://maya.tase.co.il/reports/details/1226942 and also the Company's Annual Report on Form 20-F for the year ended December 31, 2018 – "Item 5B. Liquidity and Capital Resources".
About Partner Communications
Partner Communications Company Ltd. ("Partner") is a leading Israeli provider of telecommunications services (cellular, fixed-line telephony, internet and television services). Partner’s ADSs are quoted on the NASDAQ Global Select Market™ and its shares are traded on the Tel Aviv Stock Exchange (NASDAQ and TASE: PTNR).
For more information about Partner see:
http://www.partner.co.il/en/Investors-Relations/lobby/
Contacts:
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Mr. Tamir Amar
Chief Financial Officer
Tel: +972-54-781-4951
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Ms. Liat Glazer Shaft
Head of Investor Relations & Corporate Projects
Tel: +972-54-781-5051
Email: investors@partner.co.il
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2
Partner Communications Co. Ltd.
Partner Communications Co. Ltd.
June 30, 2019
New Issuance
‘ilA+’ Rating Assigned To Bond Issuance Of Up To NIS 326 Million Par Value Through A Future Private Placement Of Options Dated April 2019
Primary Credit Analyst
Tom Dar, 972-3-7539722 tom.dar@spglobal.com
Additional Contact
Tamar Stein, 972-3-7539721 tamar.stein@spglobal.com
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Please note that this translation was made for convenience purposes and for the company's use only and under no circumstances shall obligate S&P Global Ratings Maalot Ltd. The translation has no legal status and S&P Global Ratings Maalot Ltd. does not assume any responsibility whatsoever as to its accuracy and is not bound by its contents. In the case of any discrepancy with the official Hebrew version published on June 30, 2019, the Hebrew version shall apply.
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1 | June 30, 2019
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New Issuance
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Partner Communications Co. Ltd.
New Issuance
‘ilA+’ Rating Assigned To Bond Issuance Of Up To NIS 326 Million Par Value Through A Future Private Placement Of Options Dated April 2019
S&P Maalot hereby assigns its ‘ilA+’ rating to bonds of up to NIS 326 million par value to be issued by Partner Communications Co. Ltd. (ilA+/Stable) through the expansion of Series G by exercising non-tradable options (see our rating report published on April 17, 2019).
The proceeds from the issuance will be used to refinance existing debt and for the company's ongoing activity.
For additional information on the rating and for other regulatory requirements, see our rating report dated August 13, 2018.
| Rating Detail (As of 30-June-2019) | |
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Partner Communications Co. Ltd.
Issuer Credit Rating(s)
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Local Currency Long Term
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ilA+/Stable
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Issue Rating(s)
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Senior Unsecured Debt
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Series D,F,G
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ilA+
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Rating History
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Local Currency Long Term
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July 28, 2015
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ilA+/Stable
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| June 20, 2013 |
ilAA-/Stable
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December 06, 2012
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ilAA-/Negative
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September 10, 2012
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ilAA-/Watch Dev
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October 19, 2010
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ilAA-/Negative
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October 05, 2009
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ilAA-/Stable
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September 17, 2009
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ilAA-
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July 14, 2009
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ilAA-/Watch Dev
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| March 24, 2009 |
ilAA-/Watch Pos
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October 28, 2008
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ilAA-/Stable
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| September 25, 2007 |
ilAA-/Positive
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| March 20, 2007 |
ilAA-/Stable
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| July 28, 2004 | ilAA- |
| February 16, 2004 |
ilA+
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| August 01, 2003 |
ilA
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Other Details
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Time of the event
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16:18 30/06/2019
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Time when the analyst first learned of the event
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16:18 30/06/2019
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Rating requested by
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Issuer
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2 | June 30, 2019
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www.maalot.co.il
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Partner Communications Co. Ltd.
Credit Rating Surveillance
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3 | June 30, 2019
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www.maalot.co.il
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Partner Communications Company Ltd. | |||
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Dated: July 1, 2019
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By:
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/s/ Tamir Amar | |
| Name: | Tamir Amar | ||
| Title: | Chief Financial Officer | ||