South African satellite TV provider Multichoice Africa has secured a US$115m credit facility via sole bookrunner Absa Capital.
According to Absa, which is affiliated to Barclays Bank of the UK, the structure of the loan allows Multichoice Africa to…
South African satellite TV provider Multichoice Africa has secured a US$115m credit facility via sole bookrunner Absa Capital.
According to Absa, which is affiliated to Barclays Bank of the UK, the structure of the loan allows Multichoice Africa to increase the amount of the financing in various jurisdictions and currencies, within the same umbrella structure. The investment bank added that the facility achieved a tight margin and was oversubscribed.
David Renwick, head of global finance at Absa Capital, said: “This transaction demonstrates the strength of our continued relationship with MultiChoice, and the ability of Absa Capital to successfully lead transactions in a volatile market environment.”
