Curro announced that it has successfully concluded various new loan agreements to refinance its existing debt facilities, totaling ZAR 2.0 billion, of which ZAR 800 million advanced under revolving credit facilities and ZAR 1.2 billion advanced under term loan facilities were due for repayment at the end of 2025 and 2026, respectively ("Refinanced Facilities"). The Company concluded new secured four and five year term loan facilities in the amount of ZAR 1.4 billion; and two and three year revolving credit facilities in the amount of ZAR 1.0 billion ("New Facilities"), for an aggregate amount of ZAR 2.4 billion, on more favourable terms than the Refinanced Facilities, with the following financial institutions: - The Standard Bank of South Africa Limited (acting through its Corporate and Investment Banking Division); - Investec Bank Limited (acting through its Investment Banking Division: Corporate Solutions); - Absa Bank Limited (acting through its Corporate and Investment Banking division); and - Nedbank Limited (acting through its Nedbank Corporate and Investment Banking division).
Curro Holdings Limited Announces Refinancing of Debt Facilities
Published on 05/12/2025 at 04:30, updated on 05/12/2025 at 11:50
Share
Share
© S&P Capital IQ - 2025