Published: July 23, 2012
South African mining group secures US$1bn from banking syndicate.
South African mining group AngloGold Ashanti has signed a new US$1bn, five-year unsecured revolving credit facility with its banking syndicate.
The new loan replaces the company’s existing four-year, US$1bn unsecured facility maturing in April 2014.
In a statement announcing the deal, the company said the new facility improves the overall tenor and maturity profile of its existing debt and strengthens its balance sheet.
Bank of Tokyo-Mitsubishi UFJ and Barclays Bank acted as co-ordinators alongside 13 mandated lead arrangers and bookrunners including Citibank, Deutsche Bank, Goldman Sachs, HSBC Bank and Standard Chartered Bank. Bank of Montreal and JP Morgan were lead arrangers.