IBEX Ltd extended its U.S. and UAE Credit arrangements to October 22, 2029, while adding a $1 million performance bond Facility to the UAE package. The amendments preserve the committed $50 million post-shipment seller revolving Loan and secure UAE receivables up to $58,905,000, defining the facilities and Collateral available to investors.

Key Highlights

  • IBEX added a $1 million performance bond facility to its UAE financing arrangements.
  • The UAE security agreement covers Accounts Receivable up to a maximum of $58,905,000.
  • The amended facilities carry renewal or closing fees of 0.20% and commitment fees of 0.30%.

IBEX Ltd (NASDAQ: IBEX) extended the Maturity of its $25 million secured revolving credit facility to October 22, 2029, subject to an earlier end tied to HSBC Middle East obligations. The amendment also updates the company’s UAE financing arrangements.

U.S. and UAE Facilities Receive New Terms

The amended U.S. credit agreement took effect on September 8, 2026. Its facility carries a closing fee of 0.20% and a commitment fee of 0.30% per annum on the unused portion. A renewal fee of 0.20% applies to the UAE facilities, while a 0.30% quarterly commitment fee applies to the unused portion of the seller revolving loan.

UAE Security Agreement Covers Receivables

The UAE security agreement gives HSBC Bank Middle East Limited a security interest in the UAE company’s accounts receivable, including payments due from those accounts, up to a maximum of $58,905,000. The amended credit agreement defines HSBC Middle East obligations at an aggregate amount not exceeding $75,000,000. It also defines Material Indebtedness to include certain indebtedness and hedging obligations exceeding an aggregate principal amount of $1,500,000 and establishes a zero-percent floor for the Prime Rate. The U.S. maturity date can occur earlier if the HSBC Middle East obligations terminate or mature.