Blue Financial Services Limited has converted US$52 million of debt to equity
Blue Financial Services Limited (Blue) has complete the restructuring of the company via a debt to acquisition conversion, converting US$52 million of debt to equity.
Blue Financial Services Limited is a pan-African micro-financier headquartered in South Africa with operations in several African countries. It focuses primarily on providing ethical, innovative and affordable credit solutions to people in Africa.
Oaklins' team in South Africa advised Blue on its debt restructuring.
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