https://www.miningweekly.com

Sibanye-Stillwater refinances, increases US dollar revolving credit facility

6th April 2018

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

JOHANNESBURG (miningweekly.com) – Precious metals miner Sibanye-Stillwater has refinanced its existing $350-million US dollar revolving credit facility (RCF) on improved terms.

The refinanced RCF has also been increased to $600-million, thereby providing enhanced liquidity for the enlarged group.

Further, under the terms of the facility agreement with a syndicate of international banks, led by Bank of America Merrill Lynch International and HSBC Bank, Sibanye has the option to further increase the size of the RCF to $750-million through the inclusion of additional lenders.

The RCF maturity is three years and lenders have the option to extend the tenor through two further one-year extensions on request from Sibanye.

“We are delighted with the continued support from our banking group with the improved terms, increased facility size and maturity extension of our RCF,” Sibanye CEO Neal Froneman said on Friday.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION