SAPPI LIMITED - Leverage Covenant Relief Extended to December 2027
Leverage Covenant Relief Extended to December 2027
Sappi Limited
(Incorporated in the Republic of South Africa)
(Registration number 1936/008963/06
JSE share code: SAP
ISIN: ZAE000006284
"Sappi" or “the Company”
Leverage Covenant Relief Extended to December 2027
Shareholders are advised that Sappi has successfully concluded discussions with its banking group regarding the
leverage covenant provisions applicable to its international revolving credit facility ("RCF") and bank term debt. The
existing suspension of the leverage covenant testing, which was due to expire in March 2027, has been extended to
June 2027. In addition, Sappi and its lenders have agreed specific leverage covenant levels for the period following
the suspension, which gradually decrease over time and provide the Group with sufficient flexibility and headroom
through to December 2027. The amended arrangements support Sappi’s ongoing operational and strategic
objectives while maintaining a strong and collaborative relationship with its lenders.
Sappi will continue to engage constructively with its banking group regarding covenants from December 2027 as
appropriate.
25 September 2026
South African Corporate Advisor, Sponsor and Corporate Broker to Sappi
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 25/09/2026 08:40:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
