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Packaging|Packaging|Bearing
Packaging|Packaging|Bearing
packaging-company|packaging|bearing

Funders give Nampak until April 2023 to reduce debt by R1bn

5th July 2022

By: Schalk Burger

Creamer Media Senior Deputy Editor

     

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JSE-listed packaging company Nampak says funders have agreed to extend the date by which the company is required to reduce its net interest-bearing debt by R1-billion to April 1, 2023.

Nampak is expected to repay the R1-billion in debt following either strategic asset disposals or a combination of asset disposals and an equity capital raise.

Nampak notes that the extension will effectively align the debt reduction date with the maturity date of its revolving credit facility.

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Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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