Liquid Telecom South Africa Term Loan

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Liquid Telecommunications Holdings Limited (Liquid, LTH 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 at the LTH level, with the Term Loan (at the Liquid Telecommunications South Africa level) to follow in the coming months. Liquid Telecommunications South Africa (or “LTSA”) is a subsidiary of LTH. 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 funding would allow 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.This project is linked to https://disclosures.ifc.org/project-detail/SII/44798/liquid-telecom-bond