Practice Areas - International Finance and Bank Credit Law Firms and Lawyers
| Deal Date: | 15-08-2014 | Practice Area: | International Finance and Bank Credit |
| Deal Title: | AngloGold Ashanti Unsecured Revolving Credit Facility | Industry: | Mining |
| Description: |
Slaughter and May advised AngloGold Ashanti, a leading global gold producer headquartered in South Africa, on a new USD1 billion, five-year unsecured revolving credit facility, maturing in July 2019. This replaces the group's existing five-year USD1 billion unsecured facility. The new facility extends maturities and carries more favourable covenants, including an increased net debt to adjusted EBITDA covenant ratio of 3.5 times, with one conditional six-month period waiver of up to 4.5 times, further improving financial flexibility.
Financing: Matthew Tobin (partner), Brandon Ovington (associate), Grace Somers (associate).
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| Financial Center: | London | Value: | 500.01-1000.00 |
| Advised Party: | Borrower | Law Firm | Slaughter and May |
| Borrower | United Kingdom,South Africa | Lender | United Kingdom |
| Classification: |
Syndicated and Bilateral Loans Syndicated Loans |
Lawyer | Matthew Tobin |
