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Long-Term Loans, Net of Current Maturities
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
LONG-TERM LOANS, NET OF CURRENT MATURITIES

NOTE 13:- LONG-TERM LOANS, NET OF CURRENT MATURITIES

 

Classified by linkage terms and interest rates, the total amount of the loans is as follows:

 

  Weighted
interest
rate as of
December 31,
2021		   December 31, 
  %   2021   2020 
Loan currency            
NIS   3.33%  $1,421   $2,031 
                
Less - current maturities        (740)   (815)
                
        $681   $1,216 

 

  (1) In October 2017, the Company and its Israeli subsidiaries entered into an agreement with Bank Beinleumi for the provision of credit facilities.

 

The Bank Beinleumi loan agreement includes covenants to maintain certain financial ratios related to shareholders’ equity, EBITDA and operating results. The Bank Beinleumi credit facilities are secured by a first ranking fixed charge on any unpaid share capital of the Company, the goodwill of the Company, and any insurance entitlements in the Company’s assets pledged thereunder, and a floating charges on all of the assets of the Company and its Israeli subsidiaries, owned now or in the future. As of December 31, 2021, the Company met the covenants set forth in the agreement.

 

  2) The total amount to be paid by the Company is as follows:

 

   December 31,
2021  		 
Payment schedule    
2022   740 
2023   609 
2024   32 
2025   26 
2026   14 
Total  $      1,421