Kathy is a partner in the Banking and Finance Practice. She graduated with a BA (cum laude) LLB (cum laude) from the University of the Witwatersrand in 1992. Kathy practises in banking and finance and has experience in the areas of general banking and debt finance, syndicated lending, commercial property finance, acquisition and leveraged finance, preference share structures, BEE finance structures and general corporate and contract law.
Kathy has been involved in financing arrangements for a number of listed companies and their subsidiaries, acting on behalf of both borrowers and lenders, including syndicated lending transactions and related security structures.
Areas of expertise
General banking and debt finance
Syndicated lending
Commercial property finance
Acquisition and leveraged finance
Debt restructuring
Preference share structures
BEE finance structures
General, corporate and contract law
Top matters
Acted for MTN Limited in relation to refinancing of its R6 billion facility with Nedbank Limited, The Standard Bank of South Africa Limited and First Rand Bank Limited (acting through its Rand Merchant Bank division)
Acted for MTN Group Limited in its ZAR8,1 billion Broad Based Black Economic Empowerment Transaction (funded by way of preference shares)
Acted for MTN Uganda Limited in relation to the largest ever Ugandan corporate syndicated loan structure (an innovative world first structure similar to a Medium Term Note Programme used for the issuances of bond securities) in respect of a USD100 million equivalent multi tranche, local and foreign currency syndicated term loan and revolving facilities for MTN Uganda; arranged by Absa Capital, the investment banking division of Absa Bank Limited, KCB Bank Uganda Limited, Standard Chartered Bank Uganda Limited and Stanbic Bank Uganda Limited. It has been awarded the Project finance Deal of the Year in the Africa TMT by Euromoney.
Acted for Tourvest Holdings Proprietary Limited in relation to a restructure of the group's R1,3 billion loan facilities and security arrangements (local and cross border).
Acted for JPMorgan in relation to a ZAR1 billion share backed (Mvelaphanda) financing and security arrangements.
Acted for Macsteel Service Centres SA Proprietary Limited in relation to a secured loan facility in the amount of ZAR2,4 billion from Investec Bank Limited to fund a corporate restructure.
Acted for Absa Bank Limited in relation to ZAR1,3 billion bridge loan facility and a ZAR700 million term loan facility for the Hospitality Property Fund Limited group.
Acted for Absa Bank Limited in relation to a ZAR640 million secured development loan and revolving facility for Vukile Property Fund Limited.
Acted for Rand Merchant Bank and Standard Bank in relation to a USD55 million equity funding facility in relation to a purchase of development property in Nigeria.
Acted for Oando Wings Development Limited (Nigeria) in relation to a USD100 million development loan facility for the purposes of funding a commercial property development in Nigeria.
Acted for Letseng Diamonds Proprietary Limited (Lesotho) in relation to a 250 million Maloti facility from Standard Lesotho Bank Limited.
Acted for Absa Bank Limited in relation to the refinancing (and new security arrangement) for Fidelity Security Services (Proprietary) Limited in the amount of approximately R500 million.
Acted for Ethos Private Equity Fund IV in relation to the acquisition of the Kevro group, requiring leveraged financing in the amount of approximately ZAR500 million.
Acted for The Standard Bank of South Africa Limited in relation to R325, 000, 000 secured term and revolving credit facilities for Petmin Limited and its subsidiary, Tendele Mining Company (Pty) Ltd.
Acted for GEM Diamonds Limited in relation to a USD20 million revolving credit facility from Nedbank Limited
Acted for Korbitec, a subsidiary of Naspers Limited, in relation to a R85million revolving credit facility
Accolades
Listed by Legal Experts EMEA 2012 - 2013 as an expert in her field
Listed as a leading lawyer in Banking by IFLR1000 – The Guide to the World's Leading Financial Law Firms 2011. Kathy is also recommended by clients in the field of Capital Markets
Named as a 'Leader in her field' for the area of Banking & Finance by Chambers Global 2007, 2008; 2009, 2010 and 2011
Nominated to appear in the 6th edition of the Guide to the World's Leading Structured Finance & Securitisation Lawyers 2010
