DEALS | 07 DECEMBER 2021

Innovative restructuring
solutions for sustainable
business growth

Absa | Corporate and Investment Banking > Insights and Events > Innovative restructuring solutions for sustainable business growth
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We helped Tongaat Hulett restructure their R6.3 billion debt package.

Our long-term relationship, and our deep capabilities enabled us to support Tongaat Hulett restructure their R6.3 billion debt package. We drew on our expertise in Special Asset Management to understand the funding needs of the group in order to restructure the debt facilities and provide stability to enhance and protect value for all stakeholders. This transaction demonstrates our strategic intent to partner with our clients as they navigate challenges and to provide opportunities for them to recover and grow sustainably.

The bravery to imagine and the will to get things done. That’s Africanacity.

Tongaat Hulett is a leading agri-business in sugar, ethanol, animal feeds and cattle, with a significant asset base and footprint in Southern Africa, including Zimbabwe, Mozambique and Botswana. Tongaat is a significant contributor to Southern Africa’s economy.

Contact Anthony Evens, Head of Special Asset Management for more

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