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Financings

Helios Fairfax lender FirstRand amends credit facility

By The Northwire Desk — AI Analysis Feb 20, 2026 · 18:58 HFPC · 2.00 Helios Fairfax Partners Corp
HFPC · Price

Executive Summary

  • Helios Fairfax Partners Corp. has closed an amendment and restatement of its existing secured revolving credit facility with FirstRand Bank Ltd.
  • The facility size has been increased to $85 million USD, with an option to increase by an additional $15 million USD.
  • The amended facility carries a five-year term and updated financial covenants designed to provide flexibility for the company's investment strategy.

Key Details

  • Counterparty: FirstRand Bank Ltd. (acting through its Rand Merchant Bank division).
  • Facility Type: Secured revolving credit facility.
  • Total Commitment: $85 million USD.
  • Incremental Option: Helios Fairfax has the option to request an additional increase of $15 million USD.
  • Term: Five years from the closing date.
  • Use of Proceeds:
    • Making investments in accordance with Helios Fairfax's investment objectives and restrictions.
    • General corporate purposes.
  • Covenants: Updated financial covenants providing flexibility to support the company's investment strategy.
  • Company Profile: Helios Fairfax is an investment holding company focused on long-term capital appreciation by investing in public and private equity securities and debt instruments in Africa and African businesses.
Read the original news release →

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