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.
Edited by: Chanel de Bruyn
Creamer Media Senior Deputy Editor Online
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