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Kumba Resources Limited - News release
Kumba Resources Limited
Incorporated in the Republic of South Africa
(Registration No.2000/011076/06)
Share code: KMB ISIN No. ZAE000034310
News release
Telephone : + 27 (12) 307 4843 P.O. Box 9229
Telefax : + 27 (12) 307 4080 PRETORIA 0001
30 March 2004
KUMBA RESOURCES SUCCESSFULLY COMPLETES US$150 MILLION SYNDICATED LOAN FACILITY
Diversified metals and mining company, Kumba Resources Limited (Kumba), today
announced the successful completion of a US$150 million, syndicated revolving
loan facility.
The facility is Kumba"s first offshore financing transaction since listing and
represents a cornerstone credit facility. Commenting on the announcement,
Kumba"s executive director of finance, Dirk van Staden, said: "It is the Group"s
first major international debt capital raising and we are extremely pleased with
the response. This facility helps establish a key relationship with the group of
participating banks." In addition, "the terms and conditions of the facility
represent the enhanced risk profile and creditworthiness of the Group," he said.
Invitations were targeted at an international group of banks, all of which were
identified as having the willingness and capability to support and assist
Kumba"s ongoing financial requirements. The facility was originally planned for
US$120 million, subscribed to US$200 million and upsized to US$150 million. The
revolving corporate credit loan is based on a three-year tenure.
The syndicate of financiers comprises: ABN Amro Bank NV, Bank of Tokyo-
Mitsubishi Ltd, Barclays Bank Plc, Citibank NA, Credit Agricole, JP Morgan,
Sumitomo Mitsui Banking Corporation Europe Ltd and Standard Chartered London, as
mandated lead arrangers and ABSA Bank Ltd London, ANZ Banking Group Ltd, HSBC
Bank Plc and RMB (Mauritius) Ltd, as additional participants.
Sponsor
JPMorgan
Note
Kumba Resources Limited, one of the largest South African-based mining companies
listed on the JSE Securities Exchange, is a focused metals and mining company
with a diverse commodity portfolio consisting of iron ore, heavy minerals, coal,
base metals and industrial minerals. www.kumbaresources.com
For investor relations enquiries contact:
Trevor Arran
General Manager: Investor Relations
Tel: 012 - 307-3292
Mobile: 083 609 1444
For media relations enquiries contact:
Pat Mdoda
General Manager: Corporate Affairs
Tel: 012 - 307-4552
Mobile: 083 609 1204
Date: 30/03/2004 01:12:31 PM Produced by the JSE SENS Department
