Deals
A commitment to building Africa's digital future

South Africa

Jul 12, 2017

Meeting the demand for connectivity

Liquid Telecom’s growth strategy combines strategic acquisitions across Africa with ongoing investment in the rollout of fibre. Since its acquisition of Neotel, independently owned Liquid Telecom has become Africa’s largest broadband network and B2B telecoms provider, giving businesses across Africa access to more than 50,000km of cross border, metro and access fibre networks via a single access point.

Proceeds from the bond offering will enable Liquid Telecom to make extensive upgrades and expansions to its network, delivering greater levels of high speed connectivity to more customers across the continent.

Standard Bank’s role in the deal

Standard Bank acted as Joint Lead Manager and Joint Bookrunner on the transaction, which allowed Liquid Telecom to achieve attractive fixed rate pricing with no amortisation and incurrence-only covenants.

The proceeds of the offering will be used to refinance existing debt, including a bridge loan joint arranged by Standard Bank in connection with the acquisition of Neotel, as well as for capital expenditure. In addition to the bond offering, Standard Bank has also joint led arranged a Term Loan and Revolving Credit Facility for the client.

Our on-the-ground expertise in Sub Saharan Africa, and our ability to provide multi product, cross border advisory and funding solutions were instrumental in the success of this transaction.
We expect that the continued expansion of Liquid Telecom will contribute to Africa’s economic growth, as well as to the rapid development of ‘digital economies’ across the continent. 

Back to all deals
  • Share
    Share
  • Email
Get in touch with us

Connect with the right client relationship and specialist teams to move you forward.

Insights

Bringing you the latest insights from the Standard Bank Group

More