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 SHARE 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 https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles EVENTS GTR Africa 2025 The future of African trade is being shaped by today’s conversations. As a proud sponsor of GTR Africa Cape Town 2025, we are at the forefront of these discussions. Read more EVENTS TradeTech Europe 2024 If you're looking for a digitally-led African banking partner with the swift trading capabilities and innovative solutions required to unlock opportunities across the continent and the globe, look no further. Read more EVENTS GTR Africa 2024 This event will connect industry experts across markets focusing on topics ranging from innovation, trade and commodity flows, infrastructure and the ever-changing global environment. Read more
