Directors: Sello Moloko* (Chairman) Neal Froneman (CEO) Charl Keyter (CFO) Chris Chadwick* Robert Chan* Timothy Cumming*
Barry Davison* Rick Menell* Nkosemntu Nika* Keith Rayner* Sue van der Merwe* Jerry Vilakazi* Jiyu Yuan*
Cain Farrel (Corporate Secretary) (*Non-Executive)
www.sibanyegold.co.za
Sibanye Gold Limited
Reg. 2002/031431/06
Business Address:
Libanon Business Park
1 Hospital Street
(Off Cedar Ave)
Libanon, Westonaria, 1780
Postal Address:
Private Bag X5
Westonaria, 1780
Tel +27 11 278 9600
Fax +27 11 278 9863
MARKET RELEASE
Sibanye closes syndication of US$2,650,000,000 bridge facilities
Westonaria, 13 February 2017:
Sibanye (JSE: SGL & NYSE: SBGL) is pleased to announce that it
has successfully closed the syndication of the bridge facilities (the “Facilities”), underwritten
by Citi and HSBC, to support its acquisition of Stillwater Mining Company, which was
announced on 9 December 2016.
Citi and HSBC also acted as Mandated Lead arrangers and Book runners in respect of the
Facilities.
Syndication of the Facilities was launched in early January 2017 and was oversubscribed by
more than US$1 billion. The Facilities were structured with three tranches including Facility A
comprising a US$750 million bridge-to-equity (which will be repaid following a planned rights
offering), Facility B comprising a US$300 million bridge-to-cash and Facility C comprising a
US$1,600 million bridge-to-debt capital markets. Syndication raised over US$3 billion of
commitments into the syndicated $1.9 billion combined B and C Facilities, across a final
syndicate of 16 banks. The syndication attracted strong interest from banks with existing
relationships with Sibanye, as well as a number of new international banks, which we believe
reflects confidence in Sibanye’s operational and financial strategy.
Joining as Mandated Lead Arrangers alongside Citi and HSBC were:
•
ABSA Bank Limited (acting through its Corporate and Investment Banking Division)
•
Barclays Bank PLC
•
Banca IMI S.P.A., London branch
•
Credit Suisse International
•
FirstRand Bank Limited (acting through its Rand Merchant Bank Division)
•
J.P. Morgan Limited
•
Mizuho Bank Europe N.V.
•
Morgan Stanley Bank International Limited
•
Royal Bank of Canada
•
Société Générale
•
The Bank of Nova Scotia
•
The Bank of Tokyo-Mitsubishi UFJ, Ltd.
•
The Standard Bank of South Africa Limited
Joining as Lead Arrangers were:
•
BNP Paribas
•
Nedbank Limited, London Branch
Citi is acting as Facility Agent.