JOHANNESBURG, May 27, 2019 /PRNewswire/ -- Gold Fields Limited
(Gold Fields) (JSE: GFI) (NYSE: GFI) is pleased to announce the
successful buyback of $250m of the
outstanding 2020 notes at 102% of par as compared with a premium of
101.73% of par at the close of business on Friday, 24 May 2019. Following the bond issuances on
9 May 2019, Gold Fields commenced a
tender process to buy back up to $250m of the 2020 notes.
The remainder of the 2020 notes ($600m), due in October
2020, is expected to be repaid from a combination of
available cash and bank debt facilities.
The successful completion of the new bonds, as well as the
buyback, helps Gold Fields achieve one of its key financial
objectives for 2019 of extending the maturity of its debt profile.
The final element is a refinancing of the syndicated bank debt
which is expected to be completed in Q3 2019. In addition, the
Group is targeting net debt reduction of $100-150m in
2019.
Notes to editors
About Gold
Fields
Gold Fields Limited is a globally diversified gold producer with
eight operating mines and two projects in Australia, Chile, Ghana,
Peru and South Africa, with total attributable annual
gold-equivalent production of approximately 2Moz. It has
attributable gold Mineral Reserves of around 48.1Moz and gold
Mineral Resources of around 96.6Moz. Attributable copper Mineral
Reserves total 691 million pounds and Mineral Resources 4,816
million pounds. Gold Fields has a primary listing on the
Johannesburg Stock Exchange (JSE) Limited, with secondary listings
on the New York Stock Exchange (NYSE).
Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd
Enquiries
Investors
Avishkar Nagaser
Tel: +27 11 562-9775
Mobile: +27 82 312 8692
Email : Avishkar.Nagaser@goldfields.com
Thomas Mengel
Tel: +27 11 562 9849
Mobile: +27 72 493 5170
Email: Thomas.Mengel@goldfields.com
Media
Sven Lunsche
Tel: +27 11 562-9763
Mobile: +27 83 260 9279
Email : Sven.Lunsche@goldfields.com
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SOURCE Gold Fields Limited