The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Marketwire

Randgold Resources Limited: New USD200m unsecured revolving credit facility

Monday, May 20, 2013

Randgold Resources Limited: New USD200m unsecured revolving credit facility

02:23 EDT Monday, May 20, 2013

LONDON--(Marketwired - May 19, 2013) - Randgold Resources Limited


TSX: GOLDRANDGOLD RESOURCES LIMITEDIncorporated in Jersey, Channel IslandsReg. No. 62686LSE Trading Symbol: RRSNASDAQ Trading Symbol: GOLD("Randgold Resources" or the "Company")RANDGOLD RESOURCES ANNOUNCES NEW US$200 MILLION UNSECURED REVOLVINGCREDIT FACILITYRandgold Resources Limited is pleased to announce that the Company hasentered into a US$200 million unsecured revolving credit facility withHSBC and three other banks. The unsecured revolving credit facilitymatures in May 2016 and is intended to be used for general corporatepurposes. "Funds from this corporate facility combined with our strongoperational cash flow will enhance our ability to implement our growthinitiatives in line with the Company's strategic plan," says RandgoldResources' CEO Mark Bristow.The terms of the credit facility are favourable to the Company andconsistent with current market conditions. The interest rate on thecredit facility is LIBOR plus 1.50% at the lower end of the leveragegrid. HSBC acted as the sole bookrunner on the facility with the othermembers of the syndicate, who consist of the banking groups ofBarclays, Citibank, and Standard Chartered, acting as mandated leadarrangers.RANDGOLD RESOURCES' ENQUIRIES:Chief Executive Financial Director Investor & Media RelationsMark Bristow Graham Shuttleworth Kathy du Plessis+447880711386 +441534735333 +442075577738+447797752288 +447797711338 Email:randgold@dpapr.comWebsite: www.randgoldresources.comTo view the full text of this press release, paste the following linkinto your web browser: This information is provided by RNS The company news service from the London Stock ExchangeEND


Contact Information:

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail App

    The New Globe and Mail App for iPhone®, iPad® and Apple Watch download

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Secure Service
Customer Service
Advertising Privacy
Globe Recognition
Mobile Apps
Other Sections