South Africa
2022
USD 10 M
Sole Advisor & Arranger
Verdant Capital arranges a USD 10 million Debt Capital Raise for UsPlus Limited
Verdant Capital arranges a USD 10 million Debt Capital Raise for UsPlus Limited
UsPlus, a fast growing South African based specialist SME financing firm, has on the back of the further successful debt raise through its ZAR 1 billion Domestic Medium Term Note Programme as announced on SENS on 12 May 2022, successfully raised USD 10 million (approx. ZAR 162 million) in debt funding from a leading US Impact Investor. This recent facility will take UsPlus’ book of total receivables to USD 17 million (approx. ZAR 270 million), and broadens the range of blue chip institutional Funders.