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Edcon announces the offering of R1,000,000,000 Senior Secured Notes due 2016

15 March 2011

Edcon (Proprietary) Limited, a subsidiary of Edcon Holdings (Proprietary) Limited, announces the offer of R1,000,000,000 Senior Secured Notes due 2016 (the “Senior Secured Notes”). 

The Senior Secured Notes will be guaranteed on a senior secured basis by Edcon Holdings (Proprietary) Limited, Edcon Acquisition (Proprietary) Limited and Edgars Consolidated Stores Limited.

The net proceeds from the issuance and sale of the Senior Secured Notes will be used to provide a permanent refinancing of the Secured Rand Loan which was put in place as part of the recent refinancing transaction executed by Edcon in February.


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