JOHANNESBURG, May 24, 2010 /PRNewswire-FirstCall/ -- Gold
Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today
announced that it has secured a US$450
million revolving credit loan maturing 30 September 2013 to refinance a US$311 million one-year facility that expired in
May 2010. Gold Fields was seeking a
minimum of US$300 million from the
banks approached to support the revolving credit loan.
The new facility, agreed by Gold Fields with a "club" of nine
banks, is charged at 175 basis points above the London Interbank
Offered Rate (Libor). This facility, which is currently undrawn, is
for general corporate purposes and working capital
requirements.
"The favourable response from the banks gives our balance sheet
greater liquidity as we accelerate our global expansion programme,"
said Gold Fields CFO Paul Schmidt.
"The new loan bears a lower interest rate than the previous
facility and significantly improves our debt maturity profile," he
added.
Notes to Editors
About Gold Fields
Gold Fields is one of the world's largest unhedged producers of
gold with attributable production of 3.6 million ounces* per annum
from nine operating mines in South
Africa, Ghana, Australia and Peru. Gold Fields also has an extensive growth
pipeline with both greenfields and near mine exploration projects
at various stages of development. Gold Fields has total
attributable Mineral Reserves of 81 million ounces and Mineral
Resources of 271 million ounces. Gold Fields is listed on JSE
Limited (primary listing), the New York Stock Exchange (NYSE), the
Dubai International Financial Exchange (DIFX), the Euronext in
Brussels (NYX) and the Swiss
Exchange (SWX). For more information please visit the Gold Fields
website at http://www.goldfields.co.za
*Based on the annualised run rate for the second quarter of
F2010
SOURCE Gold Fields Limited