Helios Fairfax Partners Corporation Closes Amendment to Credit Facility

Executive Summary

• Helios Fairfax Partners Corp. closed an amendment and restatement of its existing credit facility with FirstRand Bank Limited.
• The secured revolving credit facility commitment was increased to US $85 million, with an optional additional US $15 million.
• Updated financial covenants provide greater flexibility for the company’s investment strategy; the facility has a five‑year term.

Key Details

• Facility Increase: Lenders raised commitments on the secured revolving credit facility from its prior amount to US $85 million. Helios Fairfax may request an additional US $15 million increase under the amendment.
• Purpose of Facility: To fund (a) investments that meet Helios Fairfax’s investment objectives and restrictions, and (b) general corporate purposes.
• Updated Financial Covenants: Revised covenants were introduced to give Helios Fairfax more flexibility in supporting its investment strategy.
• Term: The amended credit facility has a five‑year term from the closing date.
• Counterparty: FirstRand Bank Limited, acting through its Rand Merchant Bank division, is the sole lender under the amendment.

Notable Quotes

(No executive quotes were provided in the release.)