In one of the largest deals this year, RMB Namibia acted as the trusted advisor for Entrepo Holdings (Pty) Ltd, a government employee lending institution and long-term insurer, and provided a N$900 million debt funding solution. Entrepo, having matured from a start-up to a highly successful business, required a scalable debt funding solution aligned with its growth ambitions. Diversifying its lender base is a crucial step in this regard.
RMB arranged and implemented a scalable debt funding solution that allows lenders to provide funding under a common terms agreement. This arrangement maintains flexibility on commercial terms being offered to Entrepo. RMB also extended significant funding under this arrangement to the client.
Strategically this deal aligns with RMB’s goal of supporting African businesses within its institutional client group.
“For RMB, our support for entities such as Entrepo, which aim to provide term funding and long-term insurance products to government employees, resonates with our commitment of enabling Namibians to participate in the country’s economic activity.” said Steffen Müseler, transactor at RMB Namibia.
This unique structure marks a first in Namibia and demonstrates RMB Namibia’s ability to leverage its regional experience, skills, and resources to deliver value- adding banking solutions for its clients.
-RMB