Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
LESAKA TECHNOLOGIES INC incurred revolving credit of up to an aggregate of ZAR 300.0 million with FirstRand Bank Limited (acting through its Rand Merchant Bank division) at South Africa prime rate in effect from time to time plus a margin of 0.95% per a.
- Instrument
- revolving credit
- Principal
- up to an aggregate of ZAR 300.0 million
- Counterparty
- FirstRand Bank Limited (acting through its Rand Merchant Bank division)
- Rate
- South Africa prime rate in effect from time to time plus a margin of 0.95% per a
- Event
- incurrence
Exact text from the filing
make investments, engage in certain business combinations and engage in other corporate activities. Pursuant to the Loan Document, CCC may borrow up to an aggregate of ZAR 300.0 million ("Revolving Credit Facility") for the sole purposes of funding CCC's consumer lending business, providing a limited recourse loan to K2020, settling up to ZAR 35.0 million
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
LESAKA TECHNOLOGIES INC entered into Revolving Credit Facility Agreement with FirstRand Bank Limited (acting through its Rand Merchant Bank division) valued at ZAR 300.0 million (effective 2022-11-29).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- FirstRand Bank Limited (acting through its Rand Merchant Bank division)
- Value
- ZAR 300.0 million
- Effective
- 2022-11-29
Exact text from the filing
On November 29, 2022, Lesaka Technologies, Inc. ("Lesaka"), through its indirect South African subsidiary Cash Connect Capital Proprietary Limited ("CCC"), entered into a Revolving Credit Facility Agreement (the "Loan Document") with FirstRand Bank Limited (acting through its Rand Merchant Bank division) ("RMB" or the "Lenders") and other Lesaka subsidiaries within the Connect Group of companies listed therein, as guarantors.
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