To view the PDF file, sign up for a MySharenet subscription.

GFI - Gold Fields Limited - Gold Fields secures new loan facility

Release Date: 06/07/2011 11:44
Code(s): GFI
Wrap Text

GFI - Gold Fields Limited - Gold Fields secures new loan facility Gold Fields Limited (Reg. No. 1968/004880/06) (Incorporated in the Republic of South Africa) Share Code: GFI ISIN Code: ZAE000018123 MEDIA RELEASE GOLD FIELDS SECURES NEW LOAN FACILITY Johannesburg, July 6, 2011: Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today announced that it has secured a 5-year US$1 billion revolving credit facility. The loan will replace a US$450 million three-year facility with September 2013 maturity. The new facility, agreed by Gold Fields with a syndicate of fourteen banks, was oversubscribed by 1.33 times. The loan carries an interest rate of between 120 basis points and 160 basis points over the London Interbank Offered Rate (Libor) depending on the level of utilisation. The funds will be used for general corporate purposes and working capital requirements. "This facility gives our balance sheet greater liquidity as we accelerate our global expansion programme," said Gold Fields CFO Paul Schmidt. "The new loan bears a lower interest rate than the previous facility and significantly improves our debt maturity profile," he added. Notes to editors About Gold Fields Gold Fields is one of the world`s largest unhedged producers of gold with attributable annualised production of 3.6 million gold equivalent ounces from eight operating mines in Australia, Ghana, Peru and South Africa. Gold Fields also has an extensive and diverse global growth pipeline with four major projects in resource development and feasibility, with construction decisions expected in the next 18 to 24 months. Gold Fields has total attributable gold equivalent Mineral Reserves of 76.7 million ounces and Mineral Resources of 225.4 million ounces. Gold Fields is listed on the JSE Limited (primary listing), the New York Stock Exchange (NYSE), NASDAQ Dubai Limited, Euronext in Brussels (NYX) and the Swiss Exchange (SWX). Gold Fields Limited Reg. 1968/004880/06 150 Helen Road, Sandown, Sandton, 2196 Postnet Suite 252, Private Bag X30500, Houghton, 2041 South Africa Tel +27 11 562-9700 Fax +27 11 562-9838 www.goldfields.co.za Enquiries Investor Enquiries Zakira Amra Tel +27 11 562-9775 Mobile +27 79 694-0267 email Zakira.Amra@goldfields.co.za Nikki Catrakilis-Wagner Tel +27 11 562-9706 Mobile +27 83 309-6720 email Nikki.Catrakilis-Wagner@goldfields.co.za Willie Jacobsz Tel +508 839-1188 Mobile +857 241-7127 email Willie.Jacobsz@gfexpl.com Media Enquiries Sven Lunsche Tel +27 11 562-9763 Mobile +27 83 260-9279 email Sven.Lunsche@goldfields.co.za Sponsor: J.P. Morgan Equities Limited Date: 06/07/2011 11:44:00 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

Share This Story