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Refinancing Notice: MWAR05 and MWAR10
MW ASSET RENTALS (RF) LIMITED
Reg No 2002/030074/06
Incorporated in the Republic of South Africa
JSE alpha code: MWSI
("MWAR")
REFINANCING NOTICE : MWAR05 and MWAR10
Noteholders are referred to MWAR's ZAR 2,500,000,000 Lease Receivables Backed Note Programme dated
9 November 2016 and are advised that MWAR intends to issue new notes (‘’Refinancing Notes’’) of R500
million on 22 November 2023 (“Refinance Date”) in order to redeem the MWAR05 notes (R300 million) and
the MWAR10 notes (R200 million) with a scheduled maturity date of 22 November 2023 (“Refinanced
Notes’’).
The Refinanced Notes will be redeemed at the aggregate principal amount outstanding, on the Refinance
Date, utilising the proceeds from the Refinancing Notes.
It is recorded that MWAR is entitled to withdraw this Refinancing Notice at any time prior to the issue of
the Refinancing Notes and, following such withdrawal, will not be entitled to issue any further tranches of
notes with respect to such Refinanced Notes.
24 August 2023
Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
PRETORIA Podium at Menlyn, Unit 2002 B, 43 Ingersol Road, Cnr Lois & Atterbury Road, Menlyn | Tel: 012 742 8600
CAPE TOWN 6th Floor, The Terraces, 25 Protea Road, Claremont, CT 7700 | Tel: 021 552 7007
MPUMALANGA Blok L, Suite 3, De Blok, 10 Wilhelm Street, Nelspruit, 1201 | Tel: +27 (0) 13 120 4030
KWA-ZULU NATAL The Manor House, 14 Nuttall Gardens, Morningside, Durban | Tel: 031 350 4030
PORT ELIZABETH 51 6TH Avenue, Walmer, Port Elizabeth | Tel: 041 180 4001
NAMIBIA 51 on Lazarett, Unit 11, 1st Floor, Julius K Nyerere Street, Windhoek, Namibia | Tel: +264 81 122 6013
DIRECTORS P Lochner, MJ Pitout, R Thanthony, BL Dube
MW Asset Rentals (RF) Ltd | Registration Number 2002/030074/06
Date: 24-08-2023 08:00:00
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