RMB cuts multi-faceted deal for Petra Diamonds

RMB commited to a long-term relationship with Petra Diamonds in a dazzling ZAR300-m deal.

Rand Merchant Bank is proud to have structured and funded a five and a half-year, R300-million debt facility for Petra Diamonds to be used as an enabler for the company’s future growth strategy across Africa. The deal, which involves an innovative cross-collateralisation arrangement with IFC’s parallel US$40-million facility, sees RMB’s commitment to Petra’s long-term success underscored with a share purchase warrants package as part of the structure.