Amendment #4 outlines the security arrangements and financial covenants related to a facility agreement involving The Standard Bank of South Africa Limited, Nedbank of South Africa Limited, and the Industrial Development Corporation of South Africa Limited. It details the security over $81.0M first ranking debt, including notarial bonds and mortgage bonds, and the cession of secured property. The document specifies financial ratios that must be maintained, such as the Debt Service Cover Ratio, and conditions for distributions based on these ratios.
documents/vol00010-efta01366799-pdf.pdf
{"title":"Amendment #4 to Facility Agreement","document_date":"2015-07-20","document_type":"financial","key_locations":["South Africa"],"document_subtype":"Facility Agreement Amendment","key_organizations":["The Standard Bank of South Africa Limited","Nedbank of South Africa Limited","Industrial Development Corporation of South Africa Limited"],"reference_numbers":["DB-SDNY-0058327","SDNY_GM_00204511","EFTA01366799"]}