LESAKA TECHNOLOGIES INC (LSAK): debt financing — Lesaka units enter ZAR 400M revolving credit facility with Rand Merchant Bank

LESAKA TECHNOLOGIES INC

CCC and K2020 can borrow up to ZAR 400M (≈$22.7M at USD/ZAR 17.65) for capital advance business and intercompany loan settlement.
Interest at Prime Rate minus 0.10% for first year, then Prime plus 0.35%; Prime was 10.50% on Sept 5, 2025.
Facility matures June 30, 2028; replaces prior lending arrangement and expands available borrowings.
Structuring fee of ZAR 500K (excl. VAT) payable to lenders.

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 incurred revolving credit of ZAR 400.0 million with FirstRand Bank Limited (acting through its Rand Merchant Bank division) at South Africa prime rate less a margin of 0.10% per annum for the first year and.

Instrument: revolving credit
Principal: ZAR 400.0 million
Counterparty: FirstRand Bank Limited (acting through its Rand Merchant Bank division)
Rate: South Africa prime rate less a margin of 0.10% per annum for the first year and
Event: incurrence

Exact text from the filing

in certain business combinations and engage in other corporate activities. The Transaction contemplates that, CCC and K2020 collectively may borrow up to an aggregate of ZAR 400.0 million (" Revolving Credit Facility ") for the sole purposes of funding CCC's and K2020's capital advance businesses, settling up to ZAR 20.0 million related to an intercompany loan to

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Source: SEC EDGAR

accession 0001062993-25-015439

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