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Real People Investment Holdings Limited publish a summary of amended financial covenants

Written by Customer Service on . Posted in Public Companies.

Pursuant to the terms and conditions (as amended by a written procedure completed on 21 September 2020) (the “Terms and Conditions“) for the up to SEK 260,000,000 and up to NOK 135,000,000 senior unsecured callable bonds 2013/2028 with ISIN: SE0005392560 and NO0010689342 (the “Bonds“) issued by Real People Investment Holdings Limited (the “Issuer“), the Issuer shall comply with the undertakings to uphold specified levels of financial ratios for relevant measurement periods from time to time prescribed in the senior unsecured loan agreement entered into between the Issuer and certain senior lenders. Any adjustments made to the financial covenants under the senior unsecured loan agreement shall also apply to the Terms and Conditions.The Issuer and the senior lenders have agreed to amend the financial covenants under the senior unsecured loan agreement and, as mentioned above, these amended financial covenants apply also for the Bonds. Below is a high-level summary of the financial covenants in force as of the date hereof.Debt Service Cover RatioPermanent Capital to Total Assets RatioCost to Income RatioAttached hereto is a more detailed summary of the financial covenants and the relevant definitions.* * * * * * *For further information, please contact:Jacques Hefer, Group Treasury ManagerEmail: jhefer@realpeople.co.zaPhone number: +27 84 514 3018AttachmentAcacia – Summary of Amended Financial Covenants Final 20201012

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