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NORTHAM PLATINUM LIMITED - Northam issues R175 million of domestic medium term notes

Release Date: 13/05/2016 08:00
Code(s): NHM NHM002     PDF:  
Wrap Text
Northam issues R175 million of domestic medium term notes

NORTHAM PLATINUM LIMITED
Incorporated in the Republic of South Africa
(Registration number 1977/003282/06)
Share code: NHM      ISIN: ZAE000030912
Debt issuer code: NHMI
Bond code: NHM002        Bond ISIN: ZAG000129024
(“Northam” or the “company”)

NORTHAM ISSUES R175 MILLION OF DOMESTIC MEDIUM TERM NOTES

Northam is pleased to announce that the company has successfully raised term debt through an issue of
R175 million five year senior unsecured fixed rate domestic medium term notes (“Notes”). The Notes bear a
fixed coupon of 13.50% per annum, payable semi-annually, and will be redeemed on 12 May 2021.

The proceeds will further strengthen Northam’s balance sheet and be applied to the development of the
company’s project pipeline.

Paul Dunne, Northam’s chief executive officer said:
“The Notes match Northam’s project development requirements and a fixed rate allows for prudent forecasting
of the debt cash flows over the term. We are pleased to have again received support from the market and
believe that it reaffirms investor confidence in our growth strategy.”

Johannesburg
13 May 2016

Arranger, Dealer, JSE Sponsor and Debt Sponsor
One Capital

Legal Advisor to Northam in respect of the Notes
Bowman Gilfillan Inc.
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