A great catch – Standard Bank leads Oceana upsize
Standard Bank has reaffirmed its long-standing partnership with Oceana by leading a strategic amendment and upsizing of its existing term debt package.
By Standard Bank
Standard Bank has reaffirmed its long-standing partnership with Oceana by leading a strategic amendment and upsizing of its existing term debt package, reinforcing its commitment to sustainability and growth in South Africa’s fishing sector.
Acting as mandated lead arranger, bookrunner, sustainability coordinator, and lender, Standard Bank structured an amendment to Oceanas R1.6 billion (about $95.4 million) term debt package and provided R300 million (about $17.9 million) in additional term funding. This transaction unlocks operational and strategic flexibility for Oceana, enabling continued investment in growth initiatives while supporting its sustainability journey.
The deal includes a sustainability-linked loan structure tied to social and environmental key performance indicators, underscoring Oceana’s commitment to responsible business practices.
“This transaction demonstrates our ability to deliver tailored solutions to our client, that combine financial flexibility with sustainability objectives,” said Justine Streicher, Deal Maker at Standard Bank.
Oceana Group is a leading player in South Africa’s fishing sector, with a strong track record of operational excellence and industry leadership. The amended structure positions Oceana to pursue future investments that contribute to food security and economic growth.
Through this landmark deal, we continue to advance its purpose of driving Africa’s growth by enabling clients to achieve long-term success through innovative and sustainable financing solutions.