MFL - Metrofile Holdings - Replacement of Announcement sent at 15H54
MFL
MFL
MFL - Metrofile Holdings - Replacement of Announcement sent at 15H54
Metrofile Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1983/012697/06)
Share code: MFL
ISIN Code: ZAE000061727
("Metrofile Holdings")
ANNOUNCEMENT
The Board of Directors is pleased to advise shareholders that Metrofile Holdings
has concluded arrangements with The Standard Bank of South Africa Limited for
the early refinancing of its existing senior and mezzanine debt facilities,
totaling R237m, which were originally due to be repaid by August 2012.
The new debt facilities comprise senior debt only of which R150m is an
amortising loan over six years and R87m is a bullet loan which will be serviced
quarterly and is repayable in April 2016. The interest rates applicable are
3month JIBAR +300bps and 3month JIBAR +360bps respectively.
In addition, capex facilities of R47m have been negotiated which will fund the
group`s expansionary building and related capex requirements in South Africa
until 2013.
The Board anticipates that in the 2010/2011 financial year it will be able to
commence the payment of dividends to shareholders for the first time.
Johannesburg
13 April 2010
Sponsor
Standard Bank
Date: 13/04/2010 16:16:04 Produced by the JSE SENS Department.
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