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
May 31, 2021
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 B)
PARTNER COMMUNICATIONS ANNOUNCES ISSUANCE OF
COMPANY DEBENTURES (SERIES G)
FOLLOWING EXERCISE OF OPTION WARRANTS (SERIES B)
ROSH HA'AYIN, Israel, May 31, 2021 - Partner Communications Company Ltd. ("Partner" or "the Company") (NASDAQ and TASE: PTNR), a leading Israeli communications operator, announces that further to the Company's immediate reports dated April 17, 2019, May 1, 2019 and July 1, 2019, with respect to a private placement in Israel of untradeable option warrants that are exercisable for the Company's Series G debentures, and further to the Company's immediate report dated July 1, 2019, November 28, 2019, February 27, 2020, May 31, 2020, July 1, 2020 and November 26 with respect to the exercise of option warrants of the Company (Series A) and (Series B), 265,104 option warrants of the Company (Series B) that are exercisable for NIS 26,510,400 par value of Series G debentures of the Company, were exercised.
The option warrants (Series B) of Series G debentures of the Company, were exercised at a discount rate of 4.726%, and therefore the weighted discount rate for May 31, 2021 that applies to the Series G debentures (following the issuance detailed in this report) is 0.994%.
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 26.5104 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 report dated May 31, 2021 at: https://maya.tase.co.il/reports/details/1373468/2/0 or its unofficial English translation which is attached hereto.
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
1
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 ; on May 1, 2019 at:
https://maya.tase.co.il/reports/details/1226942; on July 1, 2019 at:
https://maya.tase.co.il/reports/details/1238784; on November 28, 2019 at:
https://maya.tase.co.il/reports/details/1265589/2/0; on February 27, 2020 at:
or https://maya.tase.co.il/reports/details/1280967; on May 31, 2020 at: https://maya.tase.co.il/reports/details/1298367/2/0 or https://www.sec.gov/Archives/edgar/data/1096691/000117891320001682/zk2024516.htm
on July 1, 2020 at:
https://maya.tase.co.il/reports/details/1305998 or
On November 26, 2020 at:
https://maya.tase.co.il/reports/details/1334904/2/0 or
and also the Company's Annual Report on Form 20-F for the year ended December 31, 2020 – "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:
Mr. Tamir Amar Chief Financial Officer Tel: +972-54-781-4951 | Mr. Amir Adar Head of Investor Relations & Corporate Projects Tel: +972-54-781-5051 Email: investors@partner.co.il |
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Partner Communications Company Ltd.
May 31, 2021
New Issuance
‘ilA+’ Rating Assigned To Bond Issuance Of Up To NIS 26.5104 million N.V. 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
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 May 31, 2021, the Hebrew version shall apply.
1 | May 31, 2021 | New Issuance |
| Partner Communications Company Ltd. |
New Issuance
‘ilA+’ Rating Assigned To Bond Issuance Of Up To NIS 26.5104 million N.V. Through A Future Private Placement Of Options Dated April 2019
S&P Maalot hereby assigns its ‘ilA+’ rating to bonds of up to NIS 26.5104 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 for the company's ongoing activity.
We believe there remains high, albeit moderating, uncertainty about the evolution of the coronavirus pandemic and its economic effects. Vaccine production is ramping up and rollouts are gathering pace around the world. Widespread immunization, which will help pave the way for a return to more normal levels of social and economic activity, looks to be achievable by most developed economies by the end of the third quarter.
However, some emerging markets may only be able to achieve widespread immunization by year-end or later. We use these assumptions about vaccine timing in assessing the economic and credit implications associated with the pandemic (see our research on S&P Maalot website as well as on S&P Global Ratings website). As the situation evolves, we will update our assumptions and estimates accordingly.
For additional details about the rating and for additional regulatory requirements, see our rating report dated August 10, 2020.
2 | May 31, 2021 | www.maalot.co.il |
| Partner Communications Company Ltd. |
| Partner Communications Company Ltd. | Rating | Date when the rating was first published | Last date when the rating was updated |
| Issuer rating(s) | |||
| Long term | ilA+/Stable | 01/08/2003 | 10/08/2020 |
| Issue rating(s) | |||
Senior Unsecured Debt | |||
| Series D | ilA+ | 09/03/2010 | 10/08/2020 |
| Series F | ilA+ | 02/07/2017 | 10/08/2020 |
| Series G | ilA+ | 09/12/2018 | 10/08/2020 |
| Issuer Credit Rating history | |||
| Long term | |||
| August 10, 2020 | ilA+/Stable | ||
| August 05, 2019 | ilA+/Negative | ||
| July 29, 2015 | ilA+/Stable | ||
| June 20, 2013 | ilAA-/Stable | ||
| December 06, 2012 | ilAA-/Negative | ||
| September 10, 2012 | ilAA-/Watch Neg | ||
| October 19, 2010 | ilAA-/Negative | ||
| October 05, 2009 | ilAA-/Stable | ||
| September 17, 2009 | ilAA- | ||
| July 14, 2009 | ilAA-/Watch Dev | ||
| May 24 ,2009 | ilAA-/Watch Pos | ||
| October 28, 2008 | ilAA-/Stable | ||
| September 25, 2007 | ilAA-/Positive | ||
| May 20 ,2007 | ilAA-/Stable | ||
| August 03, 2004 | IlA | ||
| July 28, 2004 | ilAA- | ||
| February 16, 2004 | ilA+ | ||
| Additional details | |||
| Time of the event | 31/05/2021 08:11 | ||
| Time when the event was learned of | 31/05/2021 08:11 | ||
| Rating requested by | Issuer |
| Partner Communications Company Ltd. |
3 | May 31, 2021 | www.maalot.co.il |
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4 | May 31, 2021 | www.maalot.co.il |
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. By: /s/ Tamir Amar Name: Tamir Amar Title: Chief Financial Officer & VP Fiber-Optics |
Dated: May 31, 2021