| Mon 24 May 2010, 14:47 | | GFI - Gold Fields Limited - Gold Fields secures new loan facility |
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GFI
GOGOF
GFI - Gold Fields Limited - Gold Fields secures new loan facility
Gold Fields Limited
Incorporated in the Republic of South Africa
Registration number 1968/004880/06
Share code: GFI
Issuer code: GOGOF
ISIN - ZAE 000018123
MEDIA RELEASE
GOLD FIELDS SECURES NEW LOAN FACILITY
Johannesburg, May 24, 2010: Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ
Dubai: GFI) today announced that it has secured a US$450 million revolving
credit loan maturing 30 September 2013 to refinance a US$311 million one-year
facility that expired in May 2010. Gold Fields was seeking a minimum of US$300
million from the banks approached to support the revolving credit loan.
The new facility, agreed by Gold Fields with a "club" of nine banks, is charged
at 175 basis points above the London Interbank Offered Rate (Libor). This
facility, which is currently undrawn, is for general corporate purposes and
working capital requirements.
"The favourable response from the banks gives our balance sheet greater
liquidity as we accelerate our global expansion programme," said Gold Fields CFO
Paul Schmidt. "The new loan bears a lower interest rate than the previous
facility and significantly improves our debt maturity profile," he added.
ends
Notes to editors
About Gold Fields
Gold Fields is one of the world`s largest unhedged producers of gold with
attributable production of 3.6 million ounces* per annum from nine operating
mines in South Africa, Ghana, Australia and Peru. Gold Fields also has an
extensive growth pipeline with both greenfields and near mine exploration
projects at various stages of development. Gold Fields has total attributable
Mineral Reserves of 81 million ounces and Mineral Resources of 271 million
ounces. Gold Fields is listed on JSE Limited (primary listing), the New York
Stock Exchange (NYSE), the Dubai International Financial Exchange (DIFX), the
Euronext in Brussels (NYX) and the Swiss Exchange (SWX). For more information
please visit the Gold Fields website at www.goldfields.co.za
*Based on the annualised run rate for the second quarter of F2010
Date: 24/05/2010 14:47:06 Produced by the JSE SENS Department.
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