Wrap Text
Sibanye successfully completes an oversubscribed, two-tranche US$1.05 billion bond placement
Sibanye Gold Limited
Incorporated in the Republic of South Africa
Registration number 2002/031431/06
Share code: SGL
ISIN – ZAE000173951
Issuer code: SGL
(“Sibanye” or “the Company” or “the Group”)
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED
STATES OF AMERICA (EXCEPT TO QUALIFIED INSTITUTIONAL BUYERS), AUSTRALIA, CANADA,
JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL.
Sibanye successfully completes an oversubscribed, two-tranche US$1.05 billion
bond placement
Westonaria, 21 June 2017: Sibanye (Tickers JSE: SGL and NYSE: SBGL) is pleased
to report that it has successfully completed a US$1.05 billion international
corporate bond offering, which was approximately two times oversubscribed.
The bonds comprise two tranches: a US$500 million 5 year (non-call 2) note
that will carry a 6.125% coupon and a US$550 million 8 year (non-call 4) note
that will carry a 7.125% coupon.
The proceeds of the bond offering, which will settle on 27 June 2017, will
be applied to the partial repayment of the bridge loan raised for the
acquisition of Stillwater, and follows the highly successful US$1 billion
rights issue which closed on 9 June 2017.
Citi, HSBC and Barclays acted as Global Coordinators on the transaction, and
were joined by Credit Suisse and Standard Bank as Bookrunners.
“The significant interest in and support of Sibanye’s first corporate bond
issuance is heartening, especially following the recent, heavily
oversubscribed, US$ 1 billion Rights Offer. The Bond offering was
approximately two times oversubscribed and closed following a relatively
short, two day bookbuild. The support from global investors for Sibanye’s
equity rights and corporate bond offerings is a significant vote of confidence
in the future prospects of Sibanye. The capital raised through these
successful transactions, following the conclusion of the transformative
Stillwater acquisition, will ensure an appropriate long-term capital
structure for the Group,” Sibanye CEO, Neal Froneman commented.
Ends.
Investor Contact
James Wellsted
SVP Investor Relations
Sibanye Gold Limited
+27 83 453 4014
james.wellsted@sibanyegold.co.za
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Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
Forward-looking statements
This announcement includes “forward-looking statements” within the meaning
of the “safe harbour” provisions of the United States Private Securities
Litigation Reform Act of 1995. Forward-looking statements may be identified
by the use of words such as “target”, “will”, “forecast”, “expect”,
“potential”, “intend”, “estimate”, “anticipate”, “can” and other similar
expressions that predict or indicate future events or trends or that are
not statements of historical matters. In this announcement, for example,
statements related to expected timings of the Rights Offer, are forward-
looking statements. The forward-looking statements set out in this
announcement involve a number of known and unknown risks, uncertainties and
other factors, many of which are difficult to predict and generally beyond
the control of Sibanye, that could cause Sibanye’s actual results and
outcomes to be materially different from historical results or from any
future results expressed or implied by such forward-looking statements.
These forward-looking statements speak only as of the date of this
presentation. Sibanye undertakes no obligation to update publicly or
release any revisions to these forward-looking statements to reflect events
or circumstances after the date of this presentation or to reflect the
occurrence of unanticipated events, save as required by applicable law.
This announcement is for informational purposes only and does not
constitute: (i) an offer to sell, or a solicitation of offers to purchase
or subscribe for, securities in the United States or any other
jurisdiction; or (ii) investment advice in any jurisdiction relating to the
securities discussed herein. The securities referred to herein have not
been, and will not be, registered under the U.S. Securities Act of 1933, as
amended (the "Securities Act"), and may not be offered or sold in the
United States absent registration or an exemption from registration under
the Securities Act.
The Global Coordinators and Bookrunners assume no responsibility for the
accuracy, completeness or verification of the information contained in this
announcement and, accordingly, disclaim, to the fullest extent permitted by
applicable law, any and all liability which they might otherwise be found
to have in respect of this announcement or any such information.
The Global Coordinators and Bookrunners are acting exclusively for the
Company and no one else in connection with the bond offering. They will not
regard any other person (whether or not a recipient of this announcement)
as their respective clients in relation to the bond offering and will not
be responsible to anyone other than the Company for providing the
protections afforded to their respective clients nor for giving advice in
relation to the bond offering or any transaction or arrangement referred to
herein.
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