Tuesday, July 14, 2020

Bowmans facilitates complex multi-faceted financing deal

Must read

South Africa: Thieves steal whisky from liquor store after alcohol ban

Just days after South Africa announced re-imposition of a ban on alcohol to curb the spread of coronavirus, thieves have broken into a liquor...

WHO says coronavirus crisis will get “worse and worse and worse”

The World Health Organization has said that the coronavirus pandemic isn't easing down anytime soon if countries fail to adhere to strict healthcare precautions. The...

Malian jihadist war crimes trial begins in The Hague

In 2012, a coalition of Islamic extremists occupied the ancient city of Timbuktu in the Saharan desert. They imposed a brutal regime, murdering and...

Covid-19: Will Africa still be world’s fastest-growing consumer markets?

Prior to the pandemic, Africa was identified as one of the fastest-growing consumer markets in the world with household consumption growing even faster than...
Isaac Kaledzihttps://en.wikipedia.org/wiki/Isaac_Kaledzi
Isaac Kaledzi is an experienced and award winning journalist from Ghana. He has worked for several media brands both in Ghana and on the International scene. Isaac Kaledzi is currently serving as an African Correspondent for DW.
- Advertisement -

A finance and banking team from pan-African law firm Bowmans represented and advised long standing client Standard Bank and Stanbic Bank Botswana Limited in connection with a senior secured US$30 million multi-currency term, revolving and overdraft financing made available to Wilderness Holdings Limited and a number of its subsidiaries in various jurisdictions.

Wilderness Holdings is recognised as one of the world’s foremost responsible tourism businesses. This access to funding will enable the firm to expand and develop its infrastructure in Africa and promote sustainable tourism across the continent.

Wilderness Holdings Limited is listed on the Botswana Stock Exchange and the Johannesburg Stock Exchange. Wilderness operates some 45 safari camps and lodges, and ten scheduled overland safaris in Botswana, Congo (Brazzaville), Kenya, Namibia, Seychelles, South Africa, Zambia and Zimbabwe.

According to lead partner Jason Wilkinson, “This multifaceted deal was highly complex and contained multiple levels of security across Botswana and South Africa. It affords the borrowers access to long-term flexible funding in multiple countries and in multiple currencies that is designed to enable Wilderness Safaris to achieve growth aspirations on the African continent.”

Wilkinson was supported in this matter by Bowmans senior associate Johan de Wet.

- Advertisement -

 

Source: Africafeeds.com

- Advertisement -
- Advertisement -
- Advertisement -

More articles

- Advertisement -

Latest article

South Africa: Thieves steal whisky from liquor store after alcohol ban

Just days after South Africa announced re-imposition of a ban on alcohol to curb the spread of coronavirus, thieves have broken into a liquor...

WHO says coronavirus crisis will get “worse and worse and worse”

The World Health Organization has said that the coronavirus pandemic isn't easing down anytime soon if countries fail to adhere to strict healthcare precautions. The...

Malian jihadist war crimes trial begins in The Hague

In 2012, a coalition of Islamic extremists occupied the ancient city of Timbuktu in the Saharan desert. They imposed a brutal regime, murdering and...

Covid-19: Will Africa still be world’s fastest-growing consumer markets?

Prior to the pandemic, Africa was identified as one of the fastest-growing consumer markets in the world with household consumption growing even faster than...

South Africa: Youngest daughter of Nelson Mandela dies

The youngest daughter of South Africa's first black president Nelson Mandela, Zindzi Mandela has died at the age of 59. The state broadcaster the SABC...