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Standard Bank partners with Metair Investments to restructure R4bn debt

The Star

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May 16, 2025

STANDARD Bank has partnered with Metair Investments to facilitate a comprehensive restructuring of the South African automotive components and energy storage group's approximately R4 billion debt.

- SIPHELELE DLUDLA

The biggest bank in Africa by assets acted as Mandated Lead Arranger and Global Coordinator for the balance sheet restructure including refinance of existing debts, enabling Metair to rebalance a shareholder at one of its subsidiaries (Hesto) and achieve their long-term financing turnaround strategy.

The restructured debt framework is designed to reduce Metair's liabilities and adjust repayment plans, ensuring they are in harmony with earnings growth and cash flow, thereby supporting the company's long-term financing turnaround strategy.

Metair operates through two segments: Automotive component manufacturer and Aftermarket Parts and Services. The company is valued at over R1.1bn on the Johannesburg Stock Exchange.

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