Cell C signs R2.245 billion agreement

Draw down under the facility will be made after the satisfaction of certain conditions precedents. Cell C expects to complete these over the next few weeks. 

The Company intends to use amounts borrowed under the facility to refinance a portion of its euro-denominated senior secured notes. 

Any refinancing will be made in accordance with the terms of the indentures (governing both tranches of the Company’s outstanding notes), and, agreements governing other outstanding indebtedness.

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