Jurisdictions worked in: South Africa
Languages fluent in: English

Sipho’s recent experience includes advising:

• A leading automotive group in connection with a syndicated ZAR7 billion revolving and term loan facilities made available by a syndicate of Lenders for the purposes of (i) refinancing its existing indebtedness; and (ii) general corporate and working capital purposes;
• The Standard Bank of South Africa Limited (acting through its Corporate and Investment Banking division) in connection with the ZAR2 billion unsecured sustainability linked term loan facility for a large South African retailer;
• Investec Bank Limited (acting through its Investment Banking division: Corporate Solutions) and Investec Bank Limited (acting through its Corporate and Institutional Banking division) in connection with the ZAR1 billion unsecured sustainability linked term loan facility made available to a large South African retail group;
• A major industrial engineering and services group in connection with acquisition financing facilities totaling circa ZAR545 million, made available by The Standard Bank of South Africa Limited (acting through its Corporate and Investment Banking division) to support the group’s acquisition and related corporate purposes;
• Absa Bank Limited (acting through its Corporate and Investment Banking division) in connection with the ZAR2 billion unsecured sustainability linked term loan facility made available to a large South African retail group;
• FirstRand Bank Limited (acting through its Rand Merchant Bank division) in connection with the amendment and restatement of the existing USD48,224,438 revolving credit facility and USD15,000 equity participation facility made available to a mining and exploration group so as to become a ZAR90,000,000 revolving credit facility and circa USD27,518,317 term facility;
• FirstRand Bank Limited (acting through its Rand Merchant Bank division) and RMB International (Mauritius) Ltd in connection with a USD55,825,000 bridge facility and USD55,825,000 term facility made available to a Mauritius based infrastructure investment and private equity group;
• Absa Bank Limited (acting through its Corporate and Investment Banking division) and The Standard Bank of South Africa Limited in connection with revolving loan facilities up to ZAR2.6 billion made available to a leading South African agricultural and agribusiness group for purposes of funding its working capital;
• FirstRand Bank Limited (acting through its Rand Merchant Bank division) in connection with the USD2,500,000 term loan facility made available to a Mauritius based private equity and impact-investment firm for its general working capital expenditure and the acquisition of ongoing investments;
• Absa Bank Limited (acting through its Corporate and Investment Banking division), Nedbank Limited (acting through its Nedbank Corporate and Investment Banking division), FirstRand Bank Limited (acting through its Rand Merchant Bank division) and The Standard Bank of South Africa Limited (acting through its Corporate and Investment Banking division) in connection with the update by the New Development Bank (the Issuer) of the New Development Bank ZAR10,000,000,000 Note Programme on the Interest Rate Market of the JSE Limited, pursuant to which the Issuer may issue notes from time to time up to a maximum of nominal amount of ZAR10,000,000,000;
• Nedbank Limited (acting through its Nedbank Corporate and Investment Banking division) and Mobile Telephone Networks Holdings Limited (MTN) in connection with a ZAR2 billion Senior Unsecured Floating Rate Notes issuance under the Mobile Telephone Networks Holdings Limited ZAR35,000,000,000 Domestic Medium Term Note Programme;
• Rand Merchant Bank (a division of FirstRand Bank Limited) and Transnet SOC Ltd in respect of a circa ZAR8.8 billion Senior Unsecured Floating Rate Notes and circa ZAR6.2 billion Senior Unsecured Fixed Rate Notes under the Transnet SOC Ltd ZAR80,000,000,000 Domestic Medium Term Note Programme;
• Nedbank Limited (acting through its Nedbank Corporate and Investment Banking division), The Standard Bank of South Africa Limited (acting through its Corporate and Investment Banking division) and Mercedes-Benz South Africa Limited in connection with the ZAR1 billion Senior Unsecured Floating Rate Notes issued under the Mercedes-Benz South Africa Limited ZAR35,000,000,000 Domestic Medium Term Note Programme;
• The Standard Bank of South Africa Limited (acting through its Corporate and Investment Banking division) and Zeda Financing Limited (as Issuer) and the Guarantors (Zeda Limited, Zeda Car Leasing Proprietary Limited and Zenith Car Rental Proprietary Limited) in connection with the establishment by the Issuer of Zeda Financing Limited ZAR5,000,000,000 Domestic Medium Term Note Programme and the subsequent issuance of the ZAR504 million Senior Unsecured Floating Rate Notes and ZAR346 million Senior Unsecured Floating Rate Notes;
• The Standard Bank of South Africa Limited (acting through its Corporate and Investment Banking division) on a syndicated ZAR10 billion facility made available to Nampak Limited, Nampak Products, Nampak Intermediate Holdings Limited and Nampak International Limited for the purposes of (i) refinancing its existing indebtedness; and (ii) to finance its general corporate purposes;
• Rand Merchant Bank (a division of FirstRand Bank Limited) and Pan African Resources Funding Company Limited (Issuer) in respect of a ZAR840 million Senior Unsecured Floating Rate Notes under the Pan African Resources Funding Company Limited ZAR5,000,000,000 Domestic Medium Term Note Programme; and
• Wilderness Holdings Ltd and a number of its subsidiaries in various jurisdictions in connection with a senior secured USD30 million multicurrency term, revolving and overdraft financing made available by The Standard Bank of South Africa Limited and Stanbic Bank Botswana Ltd.