Anglo American plc - Notification announcement by De Beers
Anglo American plc
News Release
10 December 2002
Anglo American plc would like to draw attention to the following announcement by
De Beers, attached hereto:
MEDIA RELEASE
10 December 2002
De Beers Societe Anonyme
(incorporated under the laws of Luxembourg)
Voluntary Prepayment of US$ 710 million on Syndicated Term Facility
The Board of De Beers s.a. today announced that the company made a voluntary
prepayment of US$ 710 million on 9 December 2002 against the amount outstanding
on its Term Facility.
The delisting of De Beers linked units was consummated on 4 June 2001, when the
Term Facility of US$ 3,550 million was fully drawn down. Since then the company
has made one scheduled capital repayment on 28 March 2002 of US$ 355 million.
Post the voluntary prepayment referred to above the balance of the Term Loan has
now been reduced to US$ 2,485 million.
In a period of 18 months since the buyout and delisting of De Beers, the company
has substantially deleveraged its balance sheet, having reduced the Term
Facility by US$ 1,065 million without, to date, having had the necessity to
utilise its US$ 1 billion Revolving Credit Facility.
Contacts:
De Beers London:
Lynette Hori: +44 20 7430 3509 / +44 7740 393260
De Beers South Africa:
Tracey Peterson: +27 11 374 7388 / +27 83 408 7173
Pride Mogorosi: +27 11 374 7155 / +27 83 333 9864
Date: 10/12/2002 02:30:30 PM Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
