Nampak completes refinancing within deadline
The packaging supplier has been battling to claw its way out of a mammoth R5bn debt hole it fell into during its ill-fated Africa expansion
01 October 2024 - 10:35
Packaging manufacturer Nampak says it successfully concluded its refinancing with Standard Bank in September, having met the deadline by its lenders to return R720m in net debt from disposals by the end of the same month.
The company said this had resulted in a significantly simplified funding structure, inclusive of only a minor foreign debt component...
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