Definition of Acquisition Debt

Definition in terms of the B-BBEE Codes of Good Practice of 11th October 2013 (BEE Codes 2013)


Acquisition Debt

Means the debts of:

a)      Black participants incurred in financing their purchase of their equity instruments in the Measured Entity; and

b)      Juristic persons or trusts found in the chain of ownership between the eventual Black Participants and the Measured Entity for the same purpose as those in (a);


BizAdvance Consulting comments and references:

Relates to the Ownership element of the scorecard, Annexe 100 E

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