Revolving Credit Facility

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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  
Facility Commitment • R594 million with tenure to 31 March 2025
• All proceeds must be mandatorily prepaid to the facility
Margin • Margin for facility is 290 bps on JIBAR, payable quarterly with a right to rollup
Margin • 1%
Covenants • Covenants are NAV based and set with sufficient headroom for short term volatility
   
As at 30 September 2023  
Facility Commitment • R594 million
Margin • Interest margin continues at 290 bps on JIBAR, payable quarterly with a right to rollup