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SASOL LIMITED - Sasol signs US$3,9 billion five-year Revolving Credit Facility

Release Date: 23/11/2017 11:04
Code(s): SOL SOLBE1     PDF:  
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Sasol signs US$3,9 billion five-year Revolving Credit Facility

Sasol Limited
(Incorporated in the Republic of South Africa)
(Registration number 1979/003231/06)
Sasol Ordinary Share codes:      JSE: SOL      NYSE: SSL
Sasol Ordinary ISIN codes:       ZAE000006896     US8038663006
Sasol BEE Ordinary Share code:   JSE: SOLBE1
Sasol BEE Ordinary ISIN code:    ZAE000151817
(“Sasol” or the “Company”)


Sasol signs US$3,9 billion five-year Revolving Credit Facility

Sasol, the South African chemicals and energy company, has increased its
existing US$1.5 billion Revolving Credit Facility (“the Facility”)to US$3,9
billion and extended the maturity to five years, with the inclusion of two
further extension options of one year each (“the Transaction”).

Sasol launched the Transaction with a targeted facility size of US$3,0
billion, which was subsequently increased to US$3,9 billion, given the
notable oversubscription.

Sasol mandated Citi and Mizuho Bank, Ltd as Joint Global Co-ordinators for
the Transaction, which launched in early November 2017 to a targeted group
of banks. The Joint Global Co-ordinators each pre-committed to the
Transaction, and invited banks to commit at one of three ticket levels,
with the following titles: Bookrunner and Mandated Lead Arranger (BMLA),
Mandated Lead Arranger (MLA) and Lead Arranger. The Company also
accommodated a limited number of smaller tickets with the Arranger title.

Syndication closed oversubscribed with 17 banks committing, allowing Sasol
to increase the Facility and offer scale back to the Joint Global Co-
ordinators, BMLAs and the MLAs.

Along with the Joint Global Co-ordinators, there were eight other BMLAs:
ABN AMRO Bank N.V., Bank of America Merrill Lynch, BNP Paribas S.A. South
Africa Branch, Intesa SanPaolo Bank Luxembourg S.A., J.P. Morgan Securities
plc, The Bank of Tokyo-Mitsubishi UFJ, Ltd., Sumitomo Mitsui Banking
Corporation Europe Limited and UniCredit Bank Austria.

Barclays Bank PLC, Deutsche Bank and HSBC joined as MLAs, Export
Development Canada and Standard Chartered Bank joined as Lead Arrangers and
Wells Fargo Bank N.A., London Branch and Societe Generale joined as
Arrangers.

EY acted as Independent Financial Advisor to Sasol in respect of the
transaction.


23 November 2017

Sponsor
Deutsche Securities (SA) Proprietary Limited

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