LONDON -- (Marketwired) -- 05/20/13 -- Randgold Resources Limited (LSE: RRS) (NASDAQ: GOLD)
TSX: GOLD
RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
NASDAQ Trading Symbol: GOLD
("Randgold Resources" or the "Company")
RANDGOLD RESOURCES ANNOUNCES NEW US$200 MILLION UNSECURED REVOLVING
CREDIT FACILITY
Randgold Resources Limited is pleased to announce that the Company has
entered into a US$200 million unsecured revolving credit facility with
HSBC and three other banks. The unsecured revolving credit facility
matures in May 2016 and is intended to be used for general corporate
purposes. "Funds from this corporate facility combined with our strong
operational cash flow will enhance our ability to implement our growth
initiatives in line with the Company's strategic plan," says Randgold
Resources' CEO Mark Bristow.
The terms of the credit facility are favourable to the Company and
consistent with current market conditions. The interest rate on the
credit facility is LIBOR plus 1.50% at the lower end of the leverage
grid. HSBC acted as the sole bookrunner on the facility with the other
members of the syndicate, who consist of the banking groups of
Barclays, Citibank, and Standard Chartered, acting as mandated lead
arrangers.
RANDGOLD RESOURCES' ENQUIRIES:
Chief Executive Financial Director Investor & Media Relations
Mark Bristow Graham Shuttleworth Kathy du Plessis
+447880711386 +441534735333 +442075577738
+447797752288 +447797711338 Email:randgold@dpapr.com
Website: www.randgoldresources.com
To view the full text of this press release, paste the following link
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http://www.rns-pdf.londonstockexchange.com/rns/0651F_1-2013-5-19.pdf
This information is provided by RNS
The company news service from the London Stock Exchange
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