AngloGold Ashanti obtains $1b revolving credit facility

AngloGold Ashanti, July 23, 2012, announced it has signed a new $1 billion, five-year unsecured revolving credit facility (RCF) maturing in July 2017 with its banking syndicate.

This replaces the existing four-year, $1bn unsecured RCF maturing in April 2014, the Johannesburg-based miner with operations in Ghana said in a statement.

The new RCF was significantly over-subscribed, it noted.

The new facility, AngloGold said improves the overall tenor and maturity profile of the groups existing debt facilities and further strengthens the company’s balance sheet.

Bank of Tokyo-Mitsubishi UFJ and Barclays Bank PLC acted as co-ordinators on the facility.

By Ekow Quandzie