-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GrEl0Pv55F8tcAONGucKBZ+nL1a9SOwlV3SLBnWD4F0fMPSDJW96XbpyHpLLtJLY R+5onc5iOzrVMUg9TuRS7A== 0001178913-07-002055.txt : 20070925 0001178913-07-002055.hdr.sgml : 20070925 20070925164039 ACCESSION NUMBER: 0001178913-07-002055 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070925 FILED AS OF DATE: 20070925 DATE AS OF CHANGE: 20070925 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TOWER SEMICONDUCTOR LTD CENTRAL INDEX KEY: 0000928876 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-24790 FILM NUMBER: 071134356 BUSINESS ADDRESS: STREET 1: RAMAT GAVRIEL STREET 2: P O BOX 619 CITY: MIGDAL HAEMEK 23105 STATE: L3 BUSINESS PHONE: 97246506611 MAIL ADDRESS: STREET 1: RAMAT GAVRIEL STREET 2: P O BOX 619 CITY: MIGDAL HAEMEK 23105 STATE: L3 ZIP: N-A 6-K 1 zk74272.txt FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the month of September 2007 No.3 TOWER SEMICONDUCTOR LTD. (Translation of registrant's name into English) RAMAT GAVRIEL INDUSTRIAL PARK P.O. BOX 619, MIGDAL HAEMEK, ISRAEL 23105 (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F [X] 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 [X] On September 25, 2007, Tower Semiconductor announced that it completed the expansion of its previously issued long-term bonds traded in Israel. Attached hereto is a copy of the press release. In the expansion, 12,118 units were sold, each comprised of long-term non-convertible bonds, with a face amount of NIS 2,500 (approximately $620), long-term convertible bonds, with a face amount of NIS 2,625 (approximately $651), and 58 warrants. The bonds were issued at 10% of par value. For a description of the terms of long-term bonds and warrants, please see the Registrant's Form 6-K filed on June 13, 2007. This Form 6-K is being incorporated by reference into all effective registration statements filed by us under the Securities Act of 1933. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. TOWER SEMICONDUCTOR LTD. Date: September 25, 2007 By: /s/ Nati Somekh Gilboa -------------------------- Nati Somekh Gilboa Corporate Secretary TOWER SEMICONDUCTOR COMPLETES EXPANSION OF ITS PREVIOUSLY ISSUED LONG-TERM BONDS SERIES TRADED IN ISRAEL MIGDAL HAEMEK, Israel - September 25, 2007 - Tower Semiconductor Ltd. (NASDAQ: TSEM; TASE: TSEM), an independent specialty foundry, announced today that it has completed the expansion of its series of long-term bonds and warrants which are traded on the Tel Aviv Stock Exchange. The additional placement, which raised gross proceeds of approximately $14 million, was made pursuant to a prospectus declared effective by the Israel Securities Authority on July 26, 2007 covering the offer and sale of long-term bonds and warrants of the same type purchased by Israeli institutions on June 13, 2007. The net proceeds raised are expected to be used to provide additional financing for the execution of the Company's previously announced capacity ramp-up plan. The placement was made in Israel to Israeli residents only and was not open to investors from other countries. The securities of the Company described in this release will not be registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Company's securities. ABOUT TOWER SEMICONDUCTOR LTD.: Tower Semiconductor Ltd. (Nasdaq: TSEM, TASE: TSEM) is an independent specialty foundry that delivers customized solutions in a variety of advanced CMOS technologies, including digital CMOS, mixed-signal and RF (radio frequency) CMOS, CMOS image sensors, power management devices, and embedded non-volatile memory solutions. Tower's customer orientation is complemented by its uncompromising attention to quality and service. Its specialized processes and engineering expertise provides highly flexible, customized manufacturing solutions to fulfill the increasing variety of customer needs worldwide. Offering two world-class manufacturing facilities with standard and specialized process technologies ranging from 1.0- to 0.13-micron, Tower Semiconductor provides exceptional design support and technical services to help customers sustain long-term, reliable product performance, while delivering on-time and on-budget results. More information can be found at http://www.towersemi.com. CONTACTS: Tower Semiconductor Noit Levi, +972 4 604 7066 noitle@towersemi.com or Shelton Group Investor Relations Ryan Bright, + 1 972-239-5119 ext 159 rbright@sheltongroup.com -----END PRIVACY-ENHANCED MESSAGE-----