JOHANNESBURG, July 6, 2011 /PRNewswire/ --
Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI)
today announced that it has secured a 5-year US$1 billion revolving credit facility. The loan
will replace a US$450 million
three-year facility with September
2013 maturity.
The new facility, agreed by Gold Fields with a syndicate of
fourteen banks, was oversubscribed by 1.33 times.
The loan carries an interest rate of between 120 basis points
and 160 basis points over the London Interbank Offered Rate (Libor)
depending on the level of utilisation. The funds will be used for
general corporate purposes and working capital requirements.
"This facility 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 annualised production of 3.6 million gold
equivalent ounces from eight operating mines in Australia, Ghana, Peru
and South Africa. Gold Fields also
has an extensive and diverse global growth pipeline with four major
projects in resource development and feasibility, with construction
decisions expected in the next 18 to 24 months. Gold Fields
has total attributable gold equivalent Mineral Reserves of 76.7
million ounces and Mineral Resources of 225.4 million ounces. Gold
Fields is listed on the JSE Limited (primary listing), the New York
Stock Exchange (NYSE), NASDAQ Dubai Limited, Euronext in
Brussels (NYX) and the Swiss
Exchange (SWX).
Sponsor: J.P. Morgan Equities
Limited
SOURCE Gold Fields Limited