GFI
GOGOF
GFI - Gold Fields Limited - USD 750,000,000 Syndicated Revolving Credit
Facility
Gold Fields Limited
Share code: GFI
ISIN: ZAE000018123
PRESS RELEASE, 18 April 2007
USD 750,000,000 Syndicated Revolving Credit Facility
Gold Fields Limited ("Gold Fields") has mandated ABN AMRO and Barclays
Capital (the investment banking division of Barclays Bank PLC) as Mandated
Lead Arrangers and Joint Bookrunners for a USD 750 million syndicated dual
tranche revolving credit facility (the "Facility"). The syndication was
launched on Monday, April 16.
The Facility will be used by Gold Fields for refinancing of its existing
debt and for general corporate funding purposes. It is structured as a five
year revolving credit facility and a 364 day facility with bullet
repayments.
About Gold Fields:
Gold Fields is the second largest gold producer in South Africa and the
fourth largest gold producer in the world on the basis of annual
production. The company was formed in 1998 with the amalgamation of the
gold assets of Gold Fields of South Africa Limited and Gencor Limited.
Gold Fields has an annual production of 4.1 million ounces per annum (2.03
million ounces over the first half of 2007), ore reserves of 64.8 million
ounces and mineral resources of 179 million ounces. This makes Gold Fields
the number four producer of gold globally and the company with the longest
number of proven number reserve life in years.
Gold Field`s financial year runs from June to June and total revenues over
its 2006 financial year amounted to RAD 14.6 billion (approximately USD
2.28 billion), with revenues over the first half of its 2007 financial year
reported at USD 1.35 billion. Net operating profit (after amortisation and
depreciation) for the full 2006 financial year was reported at USD 441
million. Over the first half of 2007 Gold Fields reported a net operating
profit of USD 349 million.
For enquiries:
ABN AMRO Bank N.V. Barclays Capital
Jo Pope Nigel Pavey
Tel: + 44 207 678 5111 Tel: +44 207 773 3048
20 April 2007
Date: 20/04/2007 16:19:09 Produced by the JSE SENS Department.
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