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NORTHAM PLATINUM LIMITED - Northam secures R1 billion of additional funding facilities

Release Date: 31/05/2019 10:00
Code(s): NHM NHM002 NHM003 NHM006 NHM007 NHM008 NHM009 NHM010 NHM011     PDF:  
 
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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”)

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
secured.

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
preference shares”.


Johannesburg
31 May 2019

Corporate Advisor, Sponsor and Debt Sponsor to Northam
One Capital

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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