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MW ASSET RENTALS (RF) LIMITED - Refinancing Notice: MWAR05 and MWAR10

Release Date: 24/08/2023 08:00
Code(s): MWAR05 MWAR10     PDF:  
Wrap Text
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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