Randgold enters loan agreement

Randgold enters loan agreement

Published: May 20, 2013

HSBC, Barclays, Citi and StanChart provide mining company with US$200mn.

Randgold Resources, a mining company with operations in Africa, has agreed a US$200mn funding line with several international banks.

HSBC acted as sole bookrunner on an unsecured revolving credit facility, with Barclays, Citibank, and Standard Chartered joining the syndicate as mandated lead arrangers.

The three-year funding will be used for general corporate purposes and carries an interest rate of Libor plus 1.5%.

Randgold operates in Burkina Faso, Côte d’Ivoire, the Democratic Republic of Congo, Mali and Senegal.