JOHANNESBURG, May 9, 2019
/PRNewswire/ -- Gold Fields Limited (Gold Fields) (JSE:
GFI) (NYSE: GFI) is pleased to announce that it has
successfully concluded the raising of two new bonds – a
US$500m 5-year bond with a coupon of
5.125% and a US$500m 10-year bond
with a coupon of 6.125% - raising a total of US$1bn at an average coupon of 5.625%. The final
combined book for the bond issues was in excess of US$3bn.
The proceeds of the raising will be used to repay amounts
outstanding under the US$1,290m
Credit Facilities Agreement and refinance or repurchase certain
other existing indebtedness, or for general corporate purposes.
In conjunction with the issuance, and as part of the use of
proceeds, Gold Fields yesterday also announced a tender offer for
up to US$250m of the outstanding
4.875% 2020 bonds at a price of 102%.
As published in our 2018 Integrated Annual Report, one of Gold
Fields financial targets in its 2019 Balanced Scorecard is to
improve the liquidity and profile of the Group's debt. This entails
both reducing net debt and extending the maturity of the debt
profile. The bond issue extends and spreads out the maturity of the
debt profile.
DISCLAIMER
This announcement does not constitute or form part of any offer
to sell or a solicitation of an offer to buy any securities in the
U.S. or any other jurisdiction. This announcement does not
constitute a prospectus or other offering document. No securities
have been or will be registered under the U.S. Securities Act of
1933, as amended (the "Securities Act"), or the securities laws of
any state of the U.S. or any other jurisdiction. No securities may
be offered, sold or delivered in the U.S. or to, or for the account
or benefit of, U.S. Persons (as defined in Regulation S under the
Securities Act), except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the
Securities Act and any applicable state or other securities laws.
No public offering is being made in the
United States or in any other jurisdiction where such an
offering is restricted or prohibited or where such offer would be
unlawful. The distribution of this announcement may be restricted
by applicable laws and regulations. Persons who are physically
located in those jurisdictions and in which this announcement is
circulated, published or distributed must inform themselves about
and observe such restrictions.
Notes to editors
About Gold
Fields
Gold Fields Limited is a globally diversified gold producer with
eight operating mines and two projects in Australia, Chile, Ghana,
Peru and South Africa, with total attributable annual
gold-equivalent production of approximately 2Moz. It has
attributable gold Mineral Reserves of around 48.1Moz and gold
Mineral Resources of around 96.6Moz. Attributable copper Mineral
Reserves total 691 million pounds and Mineral Resources 4,816
million pounds. Gold Fields has a primary listing on the
Johannesburg Stock Exchange (JSE) Limited, with secondary listings
on the New York Stock Exchange (NYSE) and the Swiss Exchange
(SIX).
Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd
Enquiries
Investors
Avishkar Nagaser
Tel: +27-11-562-9775
Mobile: +27-82-312-8692
Email: Avishkar.Nagaser@goldfields.com
Thomas Mengel
Tel: +27-11-562-9849
Mobile: +27-72-493-5170
Email: Thomas.Mengel@goldfields.com
Media
Sven Lunsche
Tel: +27-11-562-9763
Mobile: +27-83-260-9279
Email: Sven.Lunsche@goldfields.com
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SOURCE Gold Fields Limited
