East Africa Breweries Limited USD65m MLA and Lender
31 Dec 2018
Country
Kenya
Year
2018
Sector
Consumer
Business Unit
Corporate Financing Solutions
Specific Role
Mandated Lead Arranger, Underwriter, Arranger
Following an RFP process, Standard Bank was awarded a USD65 million deal in a total funding transaction worth USD110 million (KES equivalent) for East Africa Breweries Limited (EABL).
Standard Bank Kenya (SBK) served as mandated lead arranger, underwriter and lender for its allocated portion of the general corporate purpose term loan.
This unique transaction was largely driven by a need to address a specific client request for efficiency of funding solution and an expectation for unrivalled speed of execution to meet the client’s timelines.
The outcome of this transaction is we delivered an innovative solution which translates into lower effective borrowing costs, improved return on equity and principally maximises shareholder returns for the equity providers to EABL.
Standard Bank’s dedication to, and expertise in, the sector along with the co-operation between the bank’s onshore and offshore centres ensured that a bespoke facility could be structured for our client.