Famous Brands secures R1.675 billion debt refinancing from Nedbank

Famous Brands Limited has finalized a R1.675 billion debt refinancing with Nedbank Limited, replacing existing facilities and funding future growth. The new funding package includes a R400 million fully amortizing loan, a R400 million bullet loan, and a R275 million one-year term loan, all based on a 3-month Jibar rate.

Additionally, the new structure incorporates a R500 million three-year revolving credit facility (RCF) at a Prime rate and a R100 million one-year general banking facility (GBF) tied to a 3-month Jibar. These unsecured facilities offer more favorable terms than the previous secured arrangements, which involved two mortgage bonds now slated for cancellation.

The company anticipates this new funding structure will enhance its capital allocation flexibility. Marsden Advisory served as debt adviser and Webber Wentzel as legal counsel for the transaction, which was finalized on 17 December 2025.