Deneys has advised Advance Global Capital Limited, acting as agent on behalf of the Global SME Growth Fund Limited Partnership, on a convertible revolving credit facility provided to Leadfund Working Capital Solutions.
The facility is structured as a borrowing base revolving credit facility that converts into a term loan over time, offering strategic flexibility and supporting Leadfund Working Capital’s invoice discounting operations and expansion in South Africa.
Deneys acted as lead counsel, advising on the structuring, negotiation, and drafting of the bespoke facility agreement and related security agreements. The transaction required careful consideration of the borrower’s commercial needs to ensure cashflow flexibility, while managing the lender’s risk.
“This transaction highlights our ability to deliver tailored cross-border financing solutions that effectively manage lender risk while supporting business growth in emerging markets.”
Izak Lessing, Director, Banking and Finance, Deneys
The Deneys team was led by Izak Lessing (Director, Banking and Finance), with support from Adrienne Hendricks (Associate).
This transaction reinforces Deneys’ expertise in advising on complex, cross-border lending arrangements that combine innovative structuring with sound risk management.
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