{"id":2925,"date":"2011-07-06T14:57:18","date_gmt":"2011-07-06T12:57:18","guid":{"rendered":"http:\/\/www.myza.co.za\/?p=2925"},"modified":"2011-07-06T14:57:18","modified_gmt":"2011-07-06T12:57:18","slug":"new-loan-facility-for-gold-fields","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/new-loan-facility-for-gold-fields\/","title":{"rendered":"New Loan Facility for Gold Fields"},"content":{"rendered":"<p><a class=\"zem_slink\" title=\"NYSE: GFI\" href=\"http:\/\/www.google.com\/finance?q=NYSE:GFI\" rel=\"googlefinance\" target=\"_blank\">Gold Fields Limited<\/a> (Gold Fields) (<a class=\"zem_slink\" title=\"JSE Limited\" href=\"http:\/\/en.wikipedia.org\/wiki\/JSE_Limited\" rel=\"wikipedia\" target=\"_blank\">JSE<\/a>, <a class=\"zem_slink\" title=\"New York Stock Exchange\" href=\"http:\/\/www.nyse.com\/\" rel=\"homepage\" target=\"_blank\">NYSE<\/a>, <a class=\"zem_slink\" title=\"NASDAQ Dubai\" href=\"http:\/\/www.nasdaqdubai.com\/\" rel=\"homepage\" target=\"_blank\">NASDAQ Dubai<\/a>: GFI) today announced that it has secured a 5-year US$1 billion revolving credit facility. The loan will replace a US$450 million three-year facility with September 2013 maturity.<\/p>\n<p>The new facility, agreed by Gold Fields with a syndicate of fourteen banks, was oversubscribed by 1.33 times.<\/p>\n<p>The loan carries an interest rate of between 120 basis points and 160 basis points over the London Interbank Offered Rate (Libor) depending on the level of utilisation. The funds will be used for general corporate purposes and working capital requirements.<\/p>\n<p>&#8220;This facility gives our balance sheet greater liquidity as we accelerate our global expansion programme,&#8221; said Gold Fields CFO Paul Schmidt. &#8220;The new loan bears a lower interest rate than the previous facility and significantly improves our debt maturity profile,&#8221; he added.<\/p>\n<div class=\"zemanta-pixie\" style=\"margin-top: 10px; height: 15px;\"><img decoding=\"async\" class=\"zemanta-pixie-img\" style=\"float: right;\" src=\"http:\/\/img.zemanta.com\/pixy.gif?x-id=cd1dfb59-5479-4599-a775-a77e98f80c10\" alt=\"\" \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today announced that it has secured a 5-year US$1 billion revolving credit facility. The loan will replace a US$450 million three-year facility with September 2013 maturity. The new facility, agreed by Gold Fields with a syndicate of fourteen banks, was oversubscribed by 1.33 times. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[1161,1162,1163],"class_list":{"0":"post-2925","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-gold-fields","8":"tag-nasdaq","9":"tag-nyse","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/2925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=2925"}],"version-history":[{"count":2,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/2925\/revisions"}],"predecessor-version":[{"id":2927,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/2925\/revisions\/2927"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=2925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=2925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=2925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}