SAINT HELIER (dpa-AFX) - Randgold Resources Limited (RRS.L, GOLD) Monday said it has entered into a $200 million unsecured revolving credit facility with HSBC and three other banks. The facility that matures in May 2016 is expected to be used for general corporate purposes.
The interest rate on the credit facility is LIBOR plus 1.5 percent 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.
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