'Critical milestone' as Nampak finalises most of its debt refinancing with lenders | Business

📆 14/08/2023 09:10 a. m.
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Debt-laden Nampak said on Monday it had effectively finalised refinancing deals with most of its lenders, in what Africa's largest packaging group described as a 'critical milestone' in its turnaround plan. | News24_Business

Debt-laden Nampak said on Monday it had effectively finalised refinancing deals with most of its lenders, in what Africa's largest packaging group described as a"critical milestone" in its turnaround plan.

The latest announcement is expected to bring comfort to the JSE-listed group's shareholders, as some of them saw the risk of banks foreclosing on Nampak's loans as an existential threat to the business, analysts have said. Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

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