Revolving Credit Facility
Brait’s revolving credit facility held by its subsidiary Brait Mauritius Limited (the “BML RCF”) is secured on a senior basis by the assets of BML
Key Terms as at
30 September 2024 |
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| Facility Commitment |
| • |
R1 billion with tenure to 31 March 2028 |
| • |
All proceeds must be mandatorily prepaid to the facility |
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| Margin |
| • |
The interest margin on the facility is the three-month JIBAR plus a variable margin between 2.9% and 3.7% (depending on pledged security levels) |
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| Commitment Fee |
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| Covenants |
| • |
Covenants are NAV based and set with sufficient headroom for short term volatility |
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