Edition:
United Kingdom

Enx Group Updates on R200 mln New Term Loan


Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Enx Group Ltd ::‍UNIT, BORROWER FOR DEBT RAISED TO FINANCE CO'S LEASING BUSINESSES​ SECURED NEW 3-YEAR BULLET TERM LOAN FOR AMOUNT OF R200 MILLION.‍OVERALL DEBT LEVELS ARE EXPECTED TO REMAIN IN LINE WITH THOSE REPORTED AT FINANCIAL YEAR ENDED 31 AUGUST 2017​.‍PROCEEDS OF R200 MILLION TERM LOAN WILL BE UTILISED TO FINANCE LEASED ASSETS ON CONTRACT RENEWAL, GROW FLEET BUSINESS, CONTRIBUTE TOWARDS REFINANCING OF MATURING DEBT​. 

Company Quote

1185.0
 --
25 Jun 2019