Monday, February 24, 2020
View ShowroomNedbank has been appointed mandated lead arranger, bookrunner and coordinator, hedge coordinator and facility agent in the refinancing of Sun International’s R10bn debt facilities. Despite approaching only the six existing lenders, the syndication was successful and oversubscribed.
The refinancing process gave Sun International the opportunity and platform to issue a request for proposal for its full suite of transactional banking products.
Nedbank was successful in retaining its majority share of Sun International’s debt package and gained further transactional banking business, making Nedbank the primary banker of the Sun International Group.
The successful and skilful execution of this multifaceted process has further cemented a 50-year valued partnership with our client. In addition, it has reinforced our reputation as one of the leaders in the financing and arranging of syndicated facilities in South Africa and providing fit-for-purpose, competitive transactional banking products.