Brief: Fairfax Africa Invests In Convertible Bonds Of Atlas Mara Ltd

Helios Fairfax Partners

24/04/2018 12:05

April 24 (Reuters) - Fairfax Africa Holdings Corp  FAHu.TO :
    * FAIRFAX AFRICA INVESTS IN CONVERTIBLE BONDS OF ATLAS MARA
LIMITED AND PROVIDES FINANCING TO PHILAFRICA FOODS
    * FAIRFAX AFRICA HOLDINGS CORP - AGREED TO INVEST $16
MILLION IN
ATLAS MARA SECURED CONVERTIBLE BONDS MATURING IN APRIL 2020
    * FAIRFAX AFRICA HOLDINGS CORP - BONDS ARE SECURED WITH A
PORTION
OF ATLAS MARA'S SHAREHOLDING IN UNION BANK OF NIGERIA PLC
    * FAIRFAX AFRICA HOLDINGS- IN CONNECTION WITH INVESTMENT, CO
WILL
EARN A STRUCTURING FEE EQUAL TO 3% OF AGGREGATE PROCEEDS OF DEBT
FUNDRAISING
    * FAIRFAX AFRICA HOLDINGS - SECURED LENDING ARRANGEMENT WITH
PHILAFRICA, PURSUANT TO WHICH IT HAS PROVIDED PHILAFRICA WITH
ZAR330 MILLION

Source text for Eikon:  ID:nGNXtzksW 
Further company coverage:  FAHu.TO 

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