Liquid Telecom Bond

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 Liquid Telecommunications Holdings Limited (Liquid or the “Company”) is the leading pan-African provider of wholesale voice, wholesale data and internet protocol (IP) services. The company invited IFC to: (i) participate in its new bond offering to up to US$100 million (the Bond), and (ii) provide up to US$75 million (ZAR equivalent) of an IFC A Loan (Term Loan), to fully refinance the company’s existing Eurobond and revolving credit facilities (the “Project”). The Bond was subscribed to during February 2021, with the Term Loan to follow in the coming months. The investment aims at freeing up Liquids current debt stock to unlock more free cash flow for capital expansion plans across Africa over the next few years. Such expansion includes furthering Liquids fiber network and digital footprint of services across markets including DRC, Angola, South Sudan, Nigeria and such other markets as deemed appropriate from time to time. The Bond raise allows for the necessary capex expansion plans to be funded over the next few years and contribute to Liquid remaining active and competitive in the Pan-African markets they operate in.