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 of approximately ZAR 708.6 million, consisting of a term loan of ZAR 508.6 million and a revolving credit facility of up to with FirstRand Bank Limited (acting through its Rand Merchant Bank division) at 3-month JIBAR plus margin: (i) 5.50% if aggregate Facility G+H balance > ZAR 800 maturing December 31, 2025.
- Instrument
- credit facility
- Principal
- approximately ZAR 708.6 million, consisting of a term loan of ZAR 508.6 million and a revolving credit facility of up to
- Counterparty
- FirstRand Bank Limited (acting through its Rand Merchant Bank division)
- Rate
- 3-month JIBAR plus margin: (i) 5.50% if aggregate Facility G+H balance > ZAR 800
- Maturity
- December 31, 2025
- Event
- amendment
Exact text from the filing
Pursuant to the Facility G Agreement, Lesaka SA may borrow up to an aggregate of approximately ZAR 708.6 million. Facility G now includes a term loan of ZAR 508.6 million and a revolving credit facility of up to ZAR 200 million. Interest on Facility G is based on the 3-month Johannesburg Interbank Agreed Rate ("JIBAR") in effect from time to time plus a margin, as a result of the amendment, from January 1, 2023 of: (i) 5.50% for as long as the aggregate balance under Facility G and Facility H (together, the "Facilities" ) is greater than ZAR 800 million; (ii) 4.25% if the aggregate balance under the Facilities is equal to or less than ZAR 800 million, but greater than ZAR 350 million; or (iii) 2.50% if the aggregate balance under the Facilities is less than ZAR 350 million.
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
LESAKA TECHNOLOGIES INC amended credit facility of approximately ZAR 357.4 million with FirstRand Bank Limited (acting through its Rand Merchant Bank division) at same basis as Facility G: 3-month JIBAR plus margin (see Facility G rates) maturing December 31, 2025.
- Instrument
- credit facility
- Principal
- approximately ZAR 357.4 million
- Counterparty
- FirstRand Bank Limited (acting through its Rand Merchant Bank division)
- Rate
- same basis as Facility G: 3-month JIBAR plus margin (see Facility G rates)
- Maturity
- December 31, 2025
- Event
- amendment
Exact text from the filing
Pursuant to the Facility H Agreement, Lesaka SA may borrow up to an aggregate of approximately ZAR 357.4 million. From January 1, 2023, interest on Facility H is calculated on the same basis as for Facility G.
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
LESAKA TECHNOLOGIES INC amended credit facility of increase by ZAR 200,000,000 with FirstRand Bank Limited (acting through its Rand Merchant Bank division) at unknown maturing December 31, 2027.
- Instrument
- credit facility
- Principal
- increase by ZAR 200,000,000
- Counterparty
- FirstRand Bank Limited (acting through its Rand Merchant Bank division)
- Maturity
- December 31, 2027
- Event
- amendment
Exact text from the filing
On March 22, 2023, Lesaka, through CCMS, entered into a First Amendment and Restatement Agreement, which includes, among other agreements, an Amended and Restated Facilities Agreement ( "CCMS Facilities Agreement" ) with RMB. The CCMS Facilities Agreement was amended to increase the facilities available under the CCMS Facilities Agreement by R200,000,000. The final maturity date has been extended to December 31, 2027, and scheduled principal repayments have been amended, with the first scheduled repayment commencing from March 31, 2026.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
LESAKA TECHNOLOGIES INC amended Fifth Amendment and Restatement Agreement with FirstRand Bank Limited (acting through its Rand Merchant Bank division) valued at Lesaka SA may borrow up to an aggregate of approximately ZAR 708.6 million under Facility G and up t (effective 2023-03-16).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- FirstRand Bank Limited (acting through its Rand Merchant Bank division)
- Value
- Lesaka SA may borrow up to an aggregate of approximately ZAR 708.6 million under Facility G and up t
- Effective
- 2023-03-16
Exact text from the filing
On March 16, 2023, Lesaka Technologies, Inc. ( "Lesaka" ), through Lesaka Technologies Proprietary Limited ( "Lesaka SA" ), entered into a Fifth Amendment and Restatement Agreement, which includes, among other agreements, an Amended and Restated Common Terms Agreement ( "CTA" ), an Amended and Restated Senior Facility G Agreement ( "Facility G Agreement" ) and an Amended and Restated Senior Facility H Agreement ( "Facility H Agreement" ) (collectively, the " Loan Documents ") with FirstRand Bank Limited (acting through its Rand Merchant Bank division) (" RMB " or the " Lenders ").
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