IFLR1000

Transnet ZAR12 billion loan facility

1/11/2015
Financing
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ZAR 12 billion

$ 839 million

Completed

1/11/2015

Overview:

  • Transnet, the South African state-owned freight logistics company, received a ZAR12 billion in financing from a syndicate of lenders.
  • The financing included a ZAR6 billion loan from Nedbank, OMSFIN and Futuregrowth, and a ZAR6 billion loan from  US Eximbank, Barclays Bank, JP Morgan, ABSA Bank, and the Standard Bank of South Africa to finance rolling stock fleet expansion. 

Rani Mehta - Journalist 

 

 

Jurisdiction:

South Africa

Deal type:

Financing

Practice area:

Banking

Industry sector:

Logistics

Firms:
ENSafrica

Party: Nedbank (Lender)

Party: OMSFIN (Lender)

Party: Futuregrowth (Lender)

Lawyer: Sean Lederman

Norton Rose Fulbright South Africa

Party: Transnet (Borrower)

Shearman & Sterling

Party: Transnet (Borrower)

TGR Attorneys

Party: Transnet (Borrower)

Vedder Price

Party: Eximbank (Lender)

Webber Wentzel

Party: Eximbank (Lender)

Party: Barclays Bank (Lender)

Party: JP Morgan (Lender)

Party: Absa Bank (Lender)

Party: Standard Bank of South Africa (Lender)

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