TEL AVIV, Israel--(BUSINESS WIRE)--Elron Electronic Industries Ltd. (NASDAQ:ELRN) (TASE:ELRN), today announced that it has entered into a second loan agreement with Discount Investment Corporation Ltd. (“DIC”), which directly holds approximately 49% of Elron’s issued and outstanding shares. Pursuant to this loan agreement, DIC will provide Elron with a loan in an amount equivalent to $2 million bearing interest at a rate of 5.50% per annum and linked to the Israel consumer price index (the “Second Loan”). The terms of the Second Loan are substantially the same as the terms of the loan announced on October 30th loan.
