| Gilat Communications Ltd. | |||
| Ticker: | GICOF | ||
| Exchange: | NASDAQ-National Market | ISRAL | |
| Industry: | Transportation (SIC Code 4899) | ||
| Type of Shares: | Common Shares | Filing Date: | 11/10/97 | |
| U.S. Shares: | 2,500,000 | Offer Date: | 12/4/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 2,180,000 | Offer Price: | $8.50 | |
| Secondary Shares: | 320,000 | Gross Spread: | $0.60 | |
| Offering Amount: | $27,500,000 | Selling: | $0.31 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | 9,070,000 |
| Manager | Tier | Phone |
| CIBC Oppenheimer & Company | Lead Manager | (212) 667-7400 |
| Lehman Brothers Incorporated | Co-manager | (212) 526-8100 |
| Smith Barney Inc. | Co-manager | (212) 723-7300 |
| Business Description |
| The company provides satellite based communication services. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to expand the company's facilities and infrastructure, for research and development, working capital and for general corporate purposes. |