To view the PDF file, sign up for a MySharenet subscription.

ECSPONENT LIMITED - Ecsponent secures international debt funding

Release Date: 01/11/2017 07:58
Code(s): ECS     PDF:  
Wrap Text
Ecsponent secures international debt funding

ECSPONENT LIMITED
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: ECS - ISIN: ZAE000179594
(“Ecsponent” or “the Company” or “the Group”)

ECSPONENT SECURES INTERNATIONAL DEBT FUNDING

The Board of Directors is pleased to advise shareholders that the Company has procured debt
funding in an amount of USD 10 million (ZAR 142 million) on market related terms. The funding
will be deployed through the secured Business Credit division to expand the Group’s African
operations. The funding will be US dollar based to avoid exchange rate risk and provide additional
hard currency assets.

Ecsponent’s Business Credit division addresses the demand for funding and other challenges that
SMEs face in South African and selected African markets. Visit the company’s website,
www.ecsponent.com for more information.

Pretoria
1 November 2017

Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 01/11/2017 07:58:00 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.

Share This Story