OBAS Optibase Ltd

FORM 6-K

  

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

  

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

 

Date of Report: July 1, 2020
Commission File No.: 000-29992

 

OPTIBASE LTD.

(Translation of registrant’s name into English)

8 Hamenofim Street

Herzliya 4672559, Israel

+972-73-7073700

 (Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. 

Form 20-F ☒   Form 40-F ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____ 

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____ 

 

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. 

 

Yes ☐   No ☒

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________   

 

Optibase Ltd. (the "Company") announces that in accordance with its audit committee and board of directors approval, the Company has prepaid the remaining amount of a loan of approximately $2.6 million granted to the Company by its controlling shareholder, the Capri Family Foundation, which is due, under its original terms, on October 1, 2020 (the "Loan"). For additional details on the Loan, see Item 5.B in the Company's annual report on Form 20-F for the year 2019 published on April 1, 2020. The audit committee and board of directors determined that the prepayment of the Loan is considered to be a "non-extraordinary transaction" within the meaning of such term in the Israeli Companies Law of 1999.