OPT
OPT
OPT - Optimum Coal Holdings Limited - Optimum Coal Holdings - debt re-
financing
OPTIMUM COAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/007799/06)
Share code: OPT
ISIN: ZAE000144663
Issuer code: OPT
("Optimum Coal" or "the Company")
OPTIMUM COAL HOLDINGS - DEBT RE-FINANCING
Optimum Coal, a leading South African coal mining and exploration group,
listed on the JSE Limited, wishes to inform shareholders and update the
market that the Company has entered into a R2.2 billion revolving credit
facility with a consortium of lenders comprising Rand Merchant Bank,
Standard Chartered Bank and Investec Bank Limited.
Financial Director Doug Gain commented "We are delighted to have
concluded agreements in respect of this new debt facility. Over and above
existing cash resources, the new facility provides us with increased
balance sheet flexibility in order to fund our near term capital and
growth commitments as well as our TNC and Remhoogte acquisitions. It will
further enable us to improve the efficiency of our overall capital
structure."
www.optimumcoal.com
9 November 2011
Johannesburg
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Financial Communications Advisers
COLLEGE HILL
Date: 09/11/2011 13:43:57 Produced by the JSE SENS Department.
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