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
31 March 2025 |
|
| Facility Commitment |
| • |
R0.6 billion which can be increased to R1 billion |
| • |
Tenure to 31 March 2028 |
| • |
All proceeds must be mandatorily prepaid to the facility |
|
| 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) |
|
| Commitment Fee |
|
| Covenants |
| • |
Covenants are NAV based and set with sufficient headroom for short term volatility |
|
| |
|
