US$350 million Revolving Credit Facility
Dear Sirs,
Sibanye Gold Limited (“Sibanye”, the “Company”) is pleased to announce the successful conclusion of a US$350,000,000 revolving credit facility which was concluded on 20th August 2015.
Bank of America Merrill Lynch and HSBC acted as Bookrunners, Joint Coordinators and Mandated Lead Arrangers, with Bank of America Merrill Lynch acting as Facility Agent and HSBC acting as Documentation Agent for the Facility.
Details of the facility are as follows:
| Borrower: | Sibanye Gold Limited |
| Facility Amount: | US$300,000,000 Revolving Credit Facility with US$50,000,000 accordion option |
| Purpose: | Working capital and general corporate purposes |
| Tenor: | 3 years |
| Margin: | LIBOR plus 2.0 per cent. per annum |
“This is a considerable vote of confidence in the prospects for Sibanye Gold by a number of leading global financial institutions,” said Charl Keyter, Chief Financial Officer of Sibanye Gold “The facility has been secured for general corporate purposes and in addition to our existing R4.5 billion facility, will provide significant financial flexibility for the company”.
Mandated Lead Arrangers
Bank of America Merrill Lynch International Limited, Credit Suisse, HSBC Bank plc
Lead Arrangers
Bank of Montreal, Citi, Goldman Sachs Bank USA, J.P. Morgan Limited, Nedbank CIB, RBC Capital Markets
