BRIEF-Fairfax Africa Invests In Convertible Bonds Of Atlas Mara Ltd
April 24 (Reuters) - Fairfax Africa Holdings Corp:
* FAIRFAX AFRICA INVESTS IN CONVERTIBLE BONDS OF ATLAS MARA LIMITED AND PROVIDES FINANCING TO PHILAFRICA FOODS
* FAIRFAX AFRICA HOLDINGS CORP - AGREED TO INVEST $16 MILLION IN ATLAS MARA SECURED CONVERTIBLE BONDS MATURING IN APRIL 2020
* FAIRFAX AFRICA HOLDINGS CORP - BONDS ARE SECURED WITH A PORTION OF ATLAS MARA’S SHAREHOLDING IN UNION BANK OF NIGERIA PLC
* FAIRFAX AFRICA HOLDINGS- IN CONNECTION WITH INVESTMENT, CO WILL EARN A STRUCTURING FEE EQUAL TO 3% OF AGGREGATE PROCEEDS OF DEBT FUNDRAISING
* FAIRFAX AFRICA HOLDINGS - SECURED LENDING ARRANGEMENT WITH PHILAFRICA, PURSUANT TO WHICH IT HAS PROVIDED PHILAFRICA WITH ZAR330 MILLION Source text for Eikon: Further company coverage: