Lesaka (NASDAQ: LSAK) amends major South African banking facility

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Lesaka Technologies amended its main South African banking arrangements by entering into an Amended and Restated General Banking Facility with RMB. Through this agreement, Lesaka SA and certain subsidiaries can access direct facilities of ZAR 1,143,901,000, an indirect facility of ZAR 57,700,000 for bank guarantees, and settlement lines of ZAR 326,000,000. These facilities became available for use from March 30, 2026 and are subject to annual review by RMB. Lesaka SA will pay an upfront fee of ZAR 3.45 million in connection with the transaction, while the other material terms remain substantially the same as the prior facility.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Direct facilities limit: ZAR 1,143,901,000 Indirect bank guarantee facility: ZAR 57,700,000 Settlement lines: ZAR 326,000,000 +3 more

6 metrics

Direct facilities limit ZAR 1,143,901,000 Direct facilities available to Lesaka SA and subsidiaries under Restated GBF Agreement

Indirect bank guarantee facility ZAR 57,700,000 Indirect facility for bank guarantees under Restated GBF Agreement

Settlement lines ZAR 326,000,000 Settlement lines available under Restated GBF Agreement

Upfront fee to RMB ZAR 3.45 million Fee Lesaka SA pays related to the Restated GBF Agreement

Facility availability date March 30, 2026 Date facilities under Restated GBF Agreement became available

Restated GBF signing date March 27, 2026 Date Lesaka SA and RMB entered into Amended and Restated GBF

Key Terms

Amended and Restated General Banking Facility, Common Terms Agreement, direct facilities, indirect facility, +2 more

6 terms

Amended and Restated General Banking Facility financial

"Lesaka SA and RMB entered into an Amended and Restated General Banking Facility ("Restated GBF Agreement")"

Common Terms Agreement financial

"entered into a Common Terms Agreement (the "Original CTA") with FirstRand Bank Limited"

direct facilities financial

"Lesaka SA and certain of its subsidiaries have access to direct facilities of ZAR 1,143,901,000"

indirect facility financial

"an indirect facility of ZAR 57,700,000 for bank guarantees"

off-Balance Sheet Arrangement financial

"Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant"

annual review financial

"The facilities under the Restated GBF Agreement were available for utilization from March 30, 2026, and are subject to annual review by RMB"

Understanding 8-K Material Events →

04/01/2026 - 09:00 AM

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 27, 2026

LESAKA TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)

Florida	000-31203	98-0171860
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

President Place, 4th Floor, Cnr.
Jan Smuts Avenue and Bolton Road
Rosebank, Johannesburg, South Africa
(Address of principal executive offices) (ZIP Code)

Registrant’s telephone number, including area code: 011-27-11-343-2000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbols		Name of each exchange on which registered
Common Shares		LSAK		NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b -2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry Into a Material Definitive Agreement.

Amendment to General Banking Facility

As previously disclosed, on February 27, 2025, Lesaka Technologies, Inc. ("Lesaka"), its wholly-owned subsidiary, Lesaka Technologies Proprietary Limited ("Lesaka SA") and certain other subsidiaries of Lesaka, entered into a Common Terms Agreement (the "Original CTA") with FirstRand Bank Limited (acting through its Rand Merchant Bank division) ("RMB"), FirstRand Bank Limited (acting through its WesBank division) ("WesBank"), FirstRand Bank Limited (being a South African corporate and investment bank), Investec Bank Limited (acting through its Investment Banking division: Corporate Solutions) (being a South African corporate and investment bank) ("Investec" and, together with RMB and WesBank, the "Lenders"), and Bowwood and Main No 408 (RF) Proprietary Limited ("Debt Guarantor"), a South African company incorporated for the sole purpose of holding collateral for the benefit of the Lenders and acting as debt guarantor, and certain other parties. Concurrent with the execution of the CTA, Lesaka SA and RMB entered into a General Banking Facility Agreement (the "Original GBF Agreement"), which was amended by an addendum dated on or about July 16, 2025. On February 27, 2026, the relevant parties entered into an Amended and Restated CTA to amend and replace the Original CTA ("Restated CTA"). The Restated CTA was further amended by a letter dated March 27, 2026. Neither of these resulted in any material changes to the Original CTA.

On March 27, 2026, Lesaka SA and RMB entered into an Amended and Restated General Banking Facility ("Restated GBF Agreement") to amend and replace the Original GBF Agreement. Pursuant to the Restated GBF Agreement, Lesaka SA and certain of its subsidiaries have access to direct facilities of ZAR 1,143,901,000, which include a general banking facility (a demand facility); short-term direct and contingent facilities which cover forward exchange contracts and credit cards; an indirect facility of ZAR 57,700,000 for bank guarantees; and settlement lines of ZAR 326,000,000. The direct facilities may be reallocated as indirect facilities, and indirect facilities may be reallocated as direct facilities. Except as described above, the material terms of the Restated GBF Agreement are substantially the same as the Original GBF Agreement.

The facilities under the Restated GBF Agreement were available for utilization from March 30, 2026, and are subject to annual review by RMB.

Lesaka SA will pay an upfront fee of ZAR 3.45 million to the RMB related to this transaction.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The following provided in Item 1.01 of this Form 8-K is incorporated by reference.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

Exhibits	Description
104	Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	LESAKA TECHNOLOGIES, INC.

Date: April 1, 2026	By:	/s/ Dan Smith
	Name:	Dan Smith
	Title:	Group Chief Financial Officer

Source: View Original Filing on SEC EDGAR

FAQ

What banking facility changes did Lesaka Technologies (LSAK) disclose?

Lesaka Technologies disclosed an Amended and Restated General Banking Facility with RMB. It replaces the prior agreement while keeping most material terms similar, but confirms updated facility amounts, availability from March 30, 2026, and ongoing annual review by the bank.

How large is Lesaka Technologies’ new banking facility with RMB?

Lesaka SA and its subsidiaries now have access to direct facilities of ZAR 1,143,901,000. They also have an indirect facility of ZAR 57,700,000 for bank guarantees and settlement lines of ZAR 326,000,000, providing significant committed banking support in South Africa.

When do the amended Lesaka (LSAK) banking facilities become available?

The facilities under the Restated General Banking Facility became available for utilization from March 30, 2026. They are subject to annual review by RMB, meaning the bank reassesses and may renew or adjust the facilities each year under the agreed terms.

What upfront fee does Lesaka pay under the Restated GBF Agreement?

Lesaka SA will pay an upfront fee of ZAR 3.45 million to RMB related to the Restated General Banking Facility. This fee compensates the bank for arranging and providing the amended facilities, alongside the ongoing terms and annual review structure in the agreement.

Did the amended Lesaka banking agreements materially change prior terms?

The company states that the Amended and Restated Common Terms Agreement and its subsequent amendment did not result in any material changes to the Original CTA. It also notes that, apart from the updated facility details, the Restated GBF’s material terms are substantially the same.

Which Lesaka entities are parties to the amended banking facility?

Lesaka Technologies, Inc., its wholly owned subsidiary Lesaka Technologies Proprietary Limited (Lesaka SA), and certain other subsidiaries participate in the arrangements. RMB provides the Restated General Banking Facility, while other South African banks were involved in the broader Common Terms Agreement.

Filing Exhibits & Attachments

5 documents