Israel Hotels International, Inc., has filed a registration statement with the Securities and Exchange Commission for a proposed offering of $6,997,800 in securities. The company, a Delaware corporation, has been formed for the purpose of constructing the Tel Aviv Hilton, a luxury hotel to be leased and managed by Hilton Hotels International in Tel Aviv.
The offering will consist of $4,036,000 six and one-half percent sinking fund dollar debentures due in 1980-1986; $2,760,000 six and one-half percent dollar debentures due in 1980; and 40,360 common shares with 80,720 stock purchase warrants attached. The underwriting group will include American Israel Basic Economy Corporation, developer of the project.
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