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April 13, 2014
21:18 EDTEMITFElbit Imaging announces discussions for an investment in InSightec
Elbit Imaging announced that Elbit Medical Technologies, a subsidiary of the company in which it holds approximately 86% of the voting power, announced that on March 25, InSightec, in which Elbit Medical holds approximately 48.2% of the share capital, approximately 42.3% on a fully diluted basis, has notified Elbit Medical that the board of directors of InSightec has approved the terms of a certain non-binding draft term sheet with a third-party investor, which is not a current shareholder of InSightec, pertaining to an investment, pursuant to which the Investor shall invest in InSightec share capital. The proposed investment shall amount to few dozens of millions of US dollars, and will be based on a company valuation which is significantly higher than the company valuation set on the previous round of capital investment in InSightec; and on April 6, InSightec has notified Elbit Medical that the aforementioned non-binding term sheet was signed by it and the Investor. It shall be noted that no definitive agreement has been signed to date and there is no certainty that the negotiation of such non-binding term sheet will lead to the conclusion of a definitive agreement or that a transaction will be completed. The execution of a definitive agreement is subject to certain conditions precedent, including but not limited to, the approval of the authorized corporate organs of each of Elbit Medical, other shareholders of InSightec and the Investor.
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September 28, 2014
13:50 EDTEMITFElbit Imaging announces drawdown under refinancing agreement
Elbit Imaging announced that its approximately 77% holding subsidiary, S.C. Bucharesti Turism, as borrower, the company as a guarantor, certain other subsidiaries of the company as additional obligors and a leading international European bank, as lender, have entered into an amendment to the facilities agreement between the aforementioned parties entered into on September 16, 2011 which facilitates the drawdown of the second facility under the Facilities Agreement and that BUTU has consummated such drawdown in the amount of approximately Euro 9M. The principal amount of the loan under the Facilities Agreement following the drawdown of the Tranche B Facility, as of the date hereof, amounts to approximately Euro 64M. The proceeds of the Tranche B Facility were used in their entirety to repay shareholders loans to the Company. The Tranche B Facility bears the same interest rate as the Loan and is secured by the same collateral securing the entire Loan, as described under the heading "Loans" in Item 5 of the company's Annual Report on Form 20-F for fiscal year 2013 as filed by the company on April 30. The Tranche B Facility will be repaid, in one payment, at the maturity date of the Loan on June 30, 2016.

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