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

Comments are based on the opinion of BizAdvance Consulting and may be subject to different interpretations and opinions by other parties. The comments and references are intended as a guide to readers but it is important that they are read in conjunction with the Codes and other related legislation. Please refer to our Disclaimer Policy.