Northam secures R1 billion of additional funding facilities
NORTHAM PLATINUM LIMITED
Incorporated in the Republic of South Africa
(Registration number 1977/003282/06)
Share code: NHM ISIN: ZAE000030912
Debt issuer code: NHMI
Bond code: NHM002 Bond ISIN: ZAG000129024
Bond code: NHM003 Bond ISIN: ZAG000129032
Bond code: NHM006 Bond ISIN: ZAG000158577
Bond code: NHM007 Bond ISIN: ZAG000158593
Bond code: NHM008 Bond ISIN: ZAG000158858
Bond code: NHM009 Bond ISIN: ZAG000158866
Bond code: NHM010 Bond ISIN: ZAG000159229
Bond code: NHM011 Bond ISIN: ZAG000159237
NORTHAM SECURES R1 BILLION OF ADDITIONAL FUNDING FACILITIES
Northam is pleased to announce that it has increased its existing revolving credit facilities (“RCF”) by R500
million, from R3 billion to R3.5 billion. In addition a new R500 million general banking facility (“GBF”) has been
The maturity date of Northam’s existing R1 billion RCF has been extended to match that of its existing R2
billion RCF and both of these facilities, as well as the R500 million increase, have been combined into a single
R3.5 billion RCF maturing on 29 November 2021. The interest rate on the total RCF remains unchanged and
the GBF will accrue interest at a variable rate of prime less 1.5%.
Paul Dunne, Northam’s Chief Executive said “The R1 billion increase in available facilities is in addition to
the placement of R1.65 billion of domestic medium term notes announced on 16 April 2019, and further
strengthens Northam’s balance sheet. This additional funding flexibility will enable Northam to further return
value to shareholders, in due course, through a repurchase of ordinary shares and/or a purchase of Zambezi
31 May 2019
Corporate Advisor, Sponsor and Debt Sponsor to Northam
Attorneys to Northam
Cliffe Dekker Hofmeyr Inc.
Mandated Lead Arranger, Original Lender and Facility Agent in respect of the RCF
Nedbank Limited (acting through its Nedbank Corporate and Investment Banking division)
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