JOHANNESBURG, SOUTH AFRICA — (Marketwire) — 07/23/12 — AngloGold Ashanti (NYSE: AU) is pleased to announce that it has signed a new US$1 billion, five-year unsecured revolving credit facility (RCF) maturing in July 2017 with its banking syndicate. This replaces the existing four-year, US$1bn unsecured RCF maturing in April 2014. The new RCF was significantly over-subscribed.
The new facility improves the overall tenor and maturity profile of the group-s existing debt facilities and further strengthens the company-s balance sheet. AngloGold Ashanti seeks to continue its established track record of proactive and prudent debt structuring that enhances its certainty of funding in volatile markets. The company has investment grade credit ratings from both Moody-s Investor Services and Standard & Poor-s.
Bank of Tokyo-Mitsubishi UFJ and Barclays Bank PLC acted as co-ordinators on the facility and are joined by Australia and New Zealand Banking Group Limited, Canadian Imperial Bank of Commerce, London Branch, China Construction Bank Corporation, Johannesburg Branch, Citibank, N.A., London Branch, Commonwealth Bank of Australia, Deutsche Bank AG, London Branch, Goldman Sachs International, HSBC Bank plc, Morgan Stanley Bank International Limited, Royal Bank of Canada, Scotiabank (Ireland) Limited, Standard Chartered Bank and UBS AG, London Branch as Mandated Lead Arrangers and Bookrunners with Bank of Montreal and J.P. Morgan Limited as Lead Arrangers.
Contacts
Alan Fine (Media) +27-11 637- 6383 +27 (0) 83 250 0757
Mike Bedford (Investors) +27-11 637-6273 +27 (0) 82 374 8820
Stewart Bailey (Investors) +1 212 858-7702 +1 646 338 4337
Sabrina Brockman (Investors) +1 212 858-7701 +1-646-379-2555
Only registered users can comment.