May 23, 2012
Alon Holdings Blue Square-Israel Ltd. (NYSE: BSI) (the "Company") announced today that Midroog Ltd., an Israeli rating agency and a 51% subsidiary of Moody's ("Midroog"), announced that it had assigned a "P-1" rating to commercial paper of up to
NIS 170 million
nominal value, which may be issued in the future by the Company.
A translation of Midroog's report provided by Midroog can be found in the SEC internet site at
under the Company's filings. The official report published by Midroog is in Hebrew.
The Company has not yet made any decision as to the offering of any commercial paper, nor as to the scope, terms or timing of any such offering, nor is there any certainty that such an offering will be made. A private placement of commercial paper, if made, will be made in
The Commercial Paper will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in
the United States
or to U.S. Persons (as defined in Regulation "S" promulgated under the Securities Act) without registration under the Securities Act or an exemption from the registration requirements of the Securities Act.
This press release shall not be deemed to be an offer to sell or a solicitation of an offer to buy any of the Commercial Paper.
* * *
Alon Holdings Blue Square- Israel Ltd. (hereinafter: "Alon Holdings") is the leading retail company is the
State of Israel
and operates in four reporting segments: In its supermarket segment, through its 100% subsidiary, Mega Retail Ltd., currently operates 215 supermarkets under different formats, each offering a wide range of food products, "Near Food" products and "Non-Food" products at varying levels of service and pricing. In its "Non-Food" segment, Alon Holdings, through its 100% subsidiary Bee Group Retail Ltd., operates specialist outlets in self operation and franchises and offers a wide range of "Non-Food" products as retailer and wholesaler. In the Commercial and Fueling Sites segment, through its 78.38% subsidiary, which is listed on the
stock exchange ("TASE"),Dor Alom Energy in
(1988) Ltd. is one of the four largest fuel retail companies in
based on the number of petrol stations and a leader in the field of convenience stores. Dor Alon operates a chain of 198 petrol stations and 200 convenience stores in different formats in
. In its Real Estate segment, Alon Holdings, through its TASE traded 78.22% subsidiary Blue Square Real Estate Ltd., owns, leases and develops yield generating commercial properties and projects.
This press release contains forward-looking statements within the meaning of safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements may include, but are not limited to, plans or projections about our business and our future revenues, expenses and profitability. Forward-looking statements may be, but are not necessarily, identified by the use of forward-looking terminology such as "may," "anticipates," "estimates," "expects," "intends," "plans," "believes," and words and terms of similar substance.
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual events, results, performance, circumstance and achievements to be materially different from any future events, results, performance, circumstance and achievements expressed or implied by such forward-looking statements.
These risks, uncertainties
and other factors include, but are not limited to, the following:
establishment of government committees and protest against high cost of living, we are party to legal proceedings including class action lawsuits
; our ability to compete effectively against low-priced supermarkets and other competitors; quarterly fluctuations in our operating results that may cause volatility of our ADS and share price; risks associated with our dependence on a limited number of key suppliers for products that we sell in our stores; the effect of an increase in the minimum wage in Israel on our operating results; the effect of any actions taken by the Israeli Antitrust Authority on our ability to execute our business strategy and on our profitability; the effect of increases in oil, raw material and product prices in recent years; the effects of damage to our reputation or to the reputation of our store brands due to reports in the media or otherwise; and other risks, uncertainties and factors disclosed in our filings with the U.S. Securities and Exchange Commission(SEC), including, but not limited to, risks, uncertainties and factors identified under the heading "Risk Factors" in our annual report on Form 20-F for the year ended December 31, 2011.
You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Except for our ongoing obligations to disclose material information under the applicable securities laws, we undertake no obligation to update the forward-looking information contained in this press release.
Alon Holdings Blue Square-Israel Ltd.
SOURCE Alon Holdings Blue Square-Israel Ltd