Lesaka amends Facility G and H with FirstRand; new margin based on leverage ratio

LESAKA TECHNOLOGIES INC

Look Through Leverage (LTL) ratio replaces prior margin grid for Senior Facility G and H.
Applicable Margin ranges from 2.50% to 5.50% above JIBAR, tied to LTL thresholds.
Amendment effective retroactively from October 1, 2023, subject to conditions precedent.
Existing guarantees and security remain in full force under the amended documents.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

LESAKA TECHNOLOGIES INC amended Amendment and Restatement Agreement with FirstRand Bank Limited (acting through its Rand Merchant Bank division) (effective 2023-11-24).

Action: amendment
Agreement: credit facility
Counterparty: FirstRand Bank Limited (acting through its Rand Merchant Bank division)
Effective: 2023-11-24

Exact text from the filing

On November 24, 2023, Lesaka Technologies, Inc. ( “Lesaka” ), through Lesaka Technologies Proprietary Limited ( “Lesaka SA” ), entered into an Amendment and Restatement Agreement (the “ Amendment ”), which includes 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 ”).

View on SEC.gov

Browse all material agreements →

LESAKA TECHNOLOGIES INC filing history →

Source: SEC EDGAR

accession 0001062993-23-021668

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.