Aya New York wins approval to exit Israeli bond market 2 years early

Bondholders have approved Aya New York’s plan to exit the Israeli capital markets, clearing the way for Amir Shriki’s Manhattan real estate company to refinance its debt with a United States-based bank. Bondholders voted 99.6 percent in favor of the buyout, according to a letter from the trustee. The company will repay the bonds at 100 percent of par value about two and a half years before their scheduled maturity and without a prepayment penalty, Shriki said. Aya plans to use a roughly $104 million bank loan to pay the bondholders, with JLL Capital Markets arranging the financing, Shriki said, […]

This article originally appeared on The Real Deal. Click here to read the full story.