Palesa Marobela

Palesa has advised:

• Nedbank Ltd (acting through its Corporate and Investment Banking division) and Absa Ltd (acting through its Corporate and Investment Banking division) on the structuring, negotiation and implementation of a R2.6 billion equity funding solution to H1 Holdings (Pty) Ltd. In addition, we advised on the legal aspects of H1’s acquisition of Pele Green Energy’s equity, which resulted in H1 obtaining full ownership of the H1 Pele Wind investment vehicle.
• The Standard Bank of South Africa Ltd (acting through its Corporate and Investment Banking division) and FirstRand Bank Ltd (acting through its Rand Merchant Bank division) in respect of a syndicated ZAR 4 billion facility made available to Seriti Power(Pty) Ltd) for purposes of financing its existing facilities as a consequence of the reorganization of the Seriti Group and the establishment of its green energy company.
• FirstRand Bank Limited (acting through its Rand Merchant Bank division) in connection with term loan facilities of up to USD 40,000,000 to a Kenyan company for the purposes of refinancing of existing shareholder and intra-group debt, the partial repayment of existing indebtedness, the funding of capital expenditure to establish operations in Kenya.
• The Standard Bank of South Africa Ltd (acting through its Corporate and Investment Banking division) in connection with USD11,500 000 multicurrency facilities provided to entities within the Enko Education group for the purpose of acquiring schools, general corporate and working capital purposes, transaction costs for the acquisition of schools, business developments and advance payments for large projects.