Voluntary Announcement: USD8 million Senior Unsecured Debt Funding - Drawdown
Voluntary Announcement: USD8 million Senior Unsecured Debt Funding - Drawdown
Us Plus Limited
(Incorporated with limited liability in South Africa under registration number 2014/048709/06)
Alpha Code: USPI
("UsPlus" or "the Company")
Voluntary Announcement: USD8 million Senior Unsecured Debt Funding - Drawdown
Further to the announcement released on SENS on 8 March 2024 regarding (and using the terms defined
therein unless otherwise stated) the raising of USD8 million in Senior Unsecured debt funding from the United
States International Development Finance Corporation ("DFC facility"), the Board is pleased to announce that
UsPlus has made its first drawdown from the DFC facility in the amount of USD3 million. The drawdown allows
UsPlus to settle the USD2 million facility that was provided by Lendable Asset Management LLC ("Lendable")
at an interest rate of 13,5% per annum in September 2022. In addition, UsPlus has settled the Small Enterprise
Finance Agency's facility of approximately R8 million with effect from today, 15 April 2024.
The interest rate of the DFC facility is 5.25% per annum.
Johannesburg
15 April 2024
Debt Sponsor
Merchantec Capital
Date: 15-04-2024 04:26:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
