IBEX Limited has amended its U.S. and UAE credit agreements, extending the maturity dates for its revolving credit facilities and adjusting the applicable fee structures. The amendments were entered into on September 8, 2026, with HSBC Bank USA, National Association serving as the administrative agent for the U.S. agreement and HSBC Bank Middle East Limited for the UAE agreement.
Under the U.S. Credit Agreement, the maturity date has been extended to the earlier of October 22, 2029, or the termination of the obligations under the Amended UAE Credit Agreement. In connection with this amendment, the Company is required to pay a closing fee of 0.20% of the $25 million secured revolving credit facility upon acceptance of the amendment. Additionally, a commitment fee of 0.30% per annum will be charged on the non-utilized portion of the U.S. Facility.
Separately, the Company amended its facility offer letter with HSBC Bank Middle East Limited for its UAE operations. The maturity date for these facilities has also been extended to October 22, 2029. The amendment provides for an additional $1 million performance bond facility while maintaining the existing committed $50 million post shipment seller revolving loan credit facility and a $50,000 credit card facility. A renewal fee of 0.20% of the UAE Facilities is payable upon acceptance of the amended offer letter, and a commitment fee of 0.30% of the unutilized portion of the UAE PSL Facility will be paid quarterly.
The Company also granted a security interest to the Bank over its account receivables, with a maximum value of $58,905,000, pursuant to the UAE Movable Assets Security Law.
