Sibusiso has experience in a broad range of banking and corporate finance transactions, including leveraged finance, debt restructuring, public finance and related security structures, with additional exposure to debt capital markets. Sibusiso acts for both lenders and borrowers and has experience in acting for entities (listed and non-listed) in both the private and public sectors.
Professional QualificationsAttorney of the High Court of South Africa
EXPERIENCE
Advising FirstRand Bank Limited (acting through its Rand Merchant Bank) in relation to an English law governed mezzanine facility in the amount of USD72,111,237 and the associated security arrangements across multiple jurisdictions (including Delaware and British Virgin Islands).
Advising The Standard Bank of South Africa Limited and Standard Bank, Isle of Man Branch in elation of a USD26m super senior facility to be provided to Bayport Limited, as part of the broader debt restructuring plan for approximately USD500m of debt of Bayport Financial Services across the UK, LATAM and Sub-Saharan Africa.
Advising Nedbank Limited in relation to a ZAR1bn term bullet loan facility and the associated security arrangements across multiple jurisdictions (including South Africa and Mauritius).
Advising a US lender in relation to restructuring the indebtedness of a South African motor vehicle business.
Advising FirstRand Bank Limited (acting through its Rand Merchant Bank) as arranger and original lender in respect of a ZAR1bn Revolving Credit Facility to KWV Intellectual Properties Proprietary Limited.
Advising Sovereign Food Industries Proprietary Limited in relation to certain multiple lender term and revolving loan facilities made available to Crown Chickens Proprietary Limited (as Borrower) in an aggregate amount of ZAR650m and the associated security arrangements.
Advising a major South African bank in relation to drafting a ZAR300m term loan facility and the associated security arrangements.*
Advising a mining consortium on the associated security arrangements in relation to the ZAR4bn debt and equity funding acquisition of equity in a leading fully integrated platinum group metals producer.*
Advising an issuer in relation to a USD5m equity funding transaction in relation to an ordinary and preference share transaction.*
Advising a listed state-owned entity in relation to a comprehensive due diligence and review of the existing debt and equity funding arrangements in excess of ZAR8bn, with a listed borrower/issuer in view of a proposed debt and equity restructuring of the borrower/issuer.*
Advising a listed state-owned entity in the issuance of notes amounting, in aggregate, to over ZAR1bn under a ZAR30bn Domestic Medium Term Note Programme.*
Part of a team appointed as legal advisors to a listed in the updating and subsequent issuance of notes amounting, in aggregate, to over ZAR2bn under a ZAR15bn Domestic Medium Term Note Programme.*
*Experience gained before joining DLA Piper South Africa.
