DTC
DTC
Datatec Limited - Datatec"s distribution division Westcon Group secures
$190 million of debt financing for North American operations
Press release
Datatec Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005004/06)
ISIN: ZAE000017745
Share Code: DTC
("Datatec")
PRESS RELEASE - DATATEC"S DISTRIBUTION DIVISION WESTCON GROUP SECURES
$190 MILLION OF DEBT FINANCING FOR NORTH AMERICAN OPERATIONS
Datatec"s Westcon Group has secured a US$150 million working capital
facility and a US$40 Million second lien term loan to finance its
operations in North America.
The new credit facilities were arranged by HSBC in the US, who acts as
the group"s international banking partner. SPP Capital Partners supported
HSBC in arranging the second lien obligation.
The working capital facility will be used to finance the operations of
Westcon Group"s three US operating divisions, Comstor, Voda One and
Westcon as well as its business in Canada. The second lien term loan
will provide additional long-term capital to fund growth of the Westcon
businesses and to repay certain debt obligations to Datatec Group.
Sandton
11 January 2006
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 11/01/2006 04:29:59 PM Produced by the JSE SENS Department
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