FBC represented a JPMorgan Chase Bank led syndicate in a $280M financing transaction

By Miri Kimhi & Anat Shavit & Amit Dat & Tal Eyal-Boger & Ziv Schwartz | Feb 2016 | Transaction

FBC represented a JPMorgan Chase Bank led syndicate, which included Bank Hapoalim and Bank Leumi, as joint organizers, in a $280M financing transaction with respect to Mellanox Technologies Ltd.
 
The proceeds of the loan were used mainly as part of Mellanox’s contribution to a merger with EZ Chip Semiconductor Ltd., in a scope exceeding $800M.
 
The transaction included many complex issues, including (a) the creation of international pledges on international assets of both Israeli and foreign companies; (b) anti-competition (between members of the syndicate); and (c) authorization from the OCS in connection with data that was funded with the support of the OCS, and which served as security for the loan.