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NORTHAM PLATINUM LIMITED - New R400 million short term revolving credit facility and amendments to Northams xisting R1 Billion RCF

Release Date: 12/12/2013 11:20
Code(s): NHM001 NHM     PDF:  
Wrap Text
New R400 million short term revolving credit facility and amendments to Northam’s xisting R1 Billion RCF

NORTHAM PLATINUM LIMITED
Incorporated in the Republic of South Africa
(Registration number 1977/003282/06)
Share code: NHM
Debt issuer code: NHMI
ISIN code: ZAE000030912
(Northam or company)

NEW R400 MILLION SHORT TERM REVOLVING CREDIT FACILITY (STRCF) AND AMENDMENTS TO
NORTHAM’S EXISTING R1 BILLION REVOLVING CREDIT FACILITY (RCF)

Shareholders are referred to the announcement released on SENS on 20 September 2013. The company is
pleased to advise shareholders that the R400 million STRCF referred to in the announcement has been
secured and is available to Northam.

In parallel with the implementation of the STRCF, Northam has secured a complete special covenant holiday
in respect of all existing debt covenants applicable to the current R1 billion RCF that pertain or are calculated
with reference to Northam’s earnings before interest, tax, depreciation and amortisation over the next three
measuring periods (i.e. ending on 31 December 2013, 30 June 2014 and 31 December 2014, respectively).

The covenant holiday also applies to the R400 million STRCF.

Johannesburg
12 December 2013


Sole corporate and debt advisor, sole bookrunner, JSE sponsor and JSE debt sponsor
One Capital


Attorneys
Cliffe Dekker Hofmeyr Inc.

Date: 12/12/2013 11:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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