Norsad Capital provides R100m ‘stretched debt’ facility to RH Bophelo
Black-owned investment vehicle to use the money to expand four hospitals and clinics
06 October 2022 - 15:29
Norsad Capital, a private credit provider to midmarket growth companies in sub-Saharan Africa, has extended a R100m stretched debt facility to JSE-listed health-care investment vehicle RH Bophelo.
Gaborone-headquartered Norsad, which has 32 years’ experience providing debt and mezzanine finance to companies across Africa, says the facility will comprise a portion of senior debt and a “stretched” component taking the form of a balloon repayment. The balloon component will involve a portion of the capital coming due when the loan matures with interest payable in the interim...
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