JERUSALEM (dpa-AFX) - Ampal-American Israel Corp.(AMPL) Sunday said it will postpone making the principal payments currently coming due on the Debentures, but continue making interest payments as scheduled. During the negotiations between the company and the elected Debenture holders' committees, Ampal-American said it will continue to make the interest payments due on the Debentures and will not seek release of funds held by the Debentures' trustees for such payments. The Board noted however, that in any final agreement between the Debenture holders and the company, the release of such funds held by the trustees will be necessary for the company to meet its future cash flow projections.
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