BRIEF-Datatec Announces Closing Of $155 Mln New Banking Facilities For Unit Logicalis

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BRIEF-Datatec Announces Closing Of $155 Mln New Banking Facilities For Unit Logicalis
Credit: © Reuters.

Feb 3 (Reuters) - Datatec Ltd DTCJ.J :

* NEW LOGICALIS BANKING FACILITIES

* SUCCESSFUL CLOSING OF $155 MILLION NEW BANKING FACILITIES FOR ITS SUBSIDIARY, LOGICALIS GROUP LIMITED

* NEW SENIOR FACILITY COVERS LOGICALIS' OPERATIONS THROUGHOUT WORLD, EXCLUDING LATIN AMERICA

* NEW SENIOR FACILITY WILL BE USED TO FUND WORKING CAPITAL REQUIREMENTS AND ALSO INCLUDES A NEW ACQUISITION CREDIT LINE

* NEW COMMITTED FACILITY WILL EXPIRE ON 30 JANUARY 2023, WITH AN OPTION TO EXTEND FOR A FURTHER YEAR

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