Saturday, September 18, 2021
FinanceInvestmentSouth AfricaUSA

Sibanye secures new R5bn loan facility

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NYSE- and JSE-listed Sibanye-Stillwater has successfully refinanced its R6-billion revolving credit facility (RCF) that would have matured on November 15.

The new three-year R5.5-billion RCF has been issued on similar terms, with an option that allows for a future upsize to R7.5-billion.

Additionally, there is an option to extend the tenor through two further one-year extensions.

The new RCF is made possible through a syndicate of local and international banks, led by Absa and Nedbank.

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