US PLUS LIMITED - UsPlus - Voluntary Announcement: R30 million Senior Unsecured Loan Facility

UsPlus - Voluntary Announcement: R30 million Senior Unsecured Loan Facility

Us Plus Limited
(Incorporated with limited liability in South Africa under registration number 2014/048709/06)
Alpha Code: USPI
("UsPlus" or "the Company")


Voluntary Announcement: R30 million Senior Unsecured Loan Facility


The board of directors of UsPlus ("Board") is pleased to announce that on 23 December 2025 UsPlus entered
into a facility agreement ("the Agreement") with Finbond Mutual Bank ("Finbond" or "the Lender").

Under the terms of the Agreement, UsPlus has secured a R30 million senior unsecured term loan facility
("Facility Amount") ranking pari passu with other senior unsecured indebtedness of the Company ("Facility").
The Facility is intended to be used for working capital for invoice discounting transactions.

The Facility carries an interest rate at a fixed premium above the Prime Rate and has a 42-month term from the
disbursement date, being the date nominated by the Company following the date on which the suspensive
conditions to the Agreement were fulfilled, namely 29 December 2025 ("Disbursement Date"). For the first six
months, payments are interest only, followed by quarterly amortising principal repayments for the remaining 36
months, with interest payable monthly.

The Facility incorporates financial covenants which UsPlus is required to maintain, and which are tested
quarterly against management accounts on a rolling 12-month basis and are in line with the covenants contained
in all of the Company's other senior unsecured facilities.

The Agreement is a culmination of a series of discussions designed to capitalise on the strategic opportunities
available to the two organisations in the SMME sector, given their respective competitive advantages.


Johannesburg
14 January 2026

Debt Sponsor
Merchantec Capital

Date: 14-01-2026 04:08:00
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