LESAKA TECHNOLOGIES INC (LSAK): debt financing — Lesaka Technologies extends senior facility maturities to Dec 2025 and removes trigger event clause

LESAKA TECHNOLOGIES INC

Final maturity of Senior Facility G and Senior Facility H extended to December 31, 2025 (approx. 2 years 8 months).
Trigger Event, Trigger Event Date definitions, and trigger event clause deleted from Senior Facility G.
Amendment executed December 29, 2022, with FirstRand Bank (Rand Merchant Bank) as lender and facility agent.
All existing guarantors and security interests continue in full force under amended agreements.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

LESAKA TECHNOLOGIES INC amended credit facility with FirstRand Bank Limited, acting through its Rand Merchant Bank division maturing December 31, 2025.

Instrument: credit facility
Counterparty: FirstRand Bank Limited, acting through its Rand Merchant Bank division
Maturity: December 31, 2025
Event: amendment

Exact text from the filing

Pursuant to the Amendment Agreement, the Senior Facility G Agreement is amended to (i) extend the final maturity date by approximately two years and eight months to December 31, 2025, (ii) delete the definitions of Trigger Event and Trigger Event Date and (iii) delete the clause (clause 12) regarding the operation of any trigger event.

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

LESAKA TECHNOLOGIES INC amended credit facility with FirstRand Bank Limited, acting through its Rand Merchant Bank division maturing December 31, 2025.

Instrument: credit facility
Counterparty: FirstRand Bank Limited, acting through its Rand Merchant Bank division
Maturity: December 31, 2025
Event: amendment

Exact text from the filing

Pursuant to the Amendment Agreement, the Senior Facility H Agreement is amended to extend the final maturity date by approximately two years and eight months to December 31, 2025.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

LESAKA TECHNOLOGIES INC amended Amendment Agreement with FirstRand Bank Limited, acting through its Rand Merchant Bank division (effective 2022-12-29).

Action: amendment
Agreement: credit facility
Counterparty: FirstRand Bank Limited, acting through its Rand Merchant Bank division
Effective: 2022-12-29

Exact text from the filing

On December 29, 2022, Lesaka Technologies, Inc., through Lesaka Technologies (Pty) Ltd, entered into an Amendment Agreement (the "Amendment Agreement"), with FirstRand Bank Limited, acting through its Rand Merchant Bank division, which amends its Senior Facility G Agreement and its Senior Facility H Agreement.

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Source: SEC EDGAR

accession 0001062993-22-024571

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