The Foschini Group Limited
Investment Banking
Investec supports TFG's new R9 billion debt package
Our role
Investec Corporate and Investment Banking (“CIB”), through its Listed and Multinational Financing team, supported The Foschini Group (“TFG”) by participating in a R9 billion debt package to refinance and upsize its existing debt facilities.
The new debt package provides TFG with additional funding capacity and greater flexibility as it continues to scale. The transaction reflects CIB’s ongoing commitment to supporting TFG and its evolving funding requirements.
This transaction underscores our ability to provide tailored financing to leading listed and multinational corporates, helping clients navigate changing capital needs and positioning their businesses for long-term sustainability and growth.
“The successful refinancing of our term debt marks an important step in proactively managing our capital structure. It strengthens our balance sheet resilience while preserving capacity to continue investing in the business. The strong support and participation from Investec underscores their confidence in the Group’s strategy, and we value this continued partnership.” - Ralph Buddle, TFG CFO
About The Foschini Group
Founded in 1924, TFG is a South African-based, internationally diversified fashion and lifestyle retailer headquartered in Cape Town. The group operates across three key segments, TFG Africa, TFG London and TFG Australia, and manages a portfolio of more than 39 brands spanning apparel, jewellery, cosmetics, sporting goods, homeware and furniture.
It has a presence in 22 countries across five continents and operates more than 4 900 outlets globally.
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