news release
AngloGold Ashanti Limited \ (Incorporated in the Republic of South Africa)
(Reg. No.1944/017354/06) \ ISIN Number: ZAE000043485 \ NYSE symbol: AU \ JSE share code: ANG
Corporate Affairs Department: \ 3rd Floor \ 76 Jeppe Street \ Johannesburg \ 2001 \ South Africa
Tel +27 (0)11 637 6317 \ Fax +27 (0)11 637 6399/6400 \ www.AngloGoldAshanti.com
21 April 2010
ANGLOGOLD ASHANTI SECURES US$1 BILLION, FOUR-YEAR REVOLVING CREDIT FACILITY
(JOHANNESBURG) --- AngloGold Ashanti has secured a US$1 billion, four-year unsecured revolving
credit facility (RCF) from its banking syndicate, to refinance its existing unsecured revolving credit
facility that matures in December 2010 and to extend the overall tenor of its balance sheet.
The new RCF, agreed with a group of 16 banks, replaces a three-year facility of US$1.15 billion that
was due to mature in December 2010. About US$700 million of the existing RCF is currently drawn.
The RCF was oversubscribed by about 1.6 times, allowing the company to significantly scale back the
commitments of each of its lenders.
“It’s an enormous vote of confidence for the company and its strategy that this facility generated this
level of interest from such a large group of top-tier international banks,’’ Srinivasan Venkatakrishnan,
AngloGold Ashanti’s chief financial officer, said. ``This not only removes refinancing risk for us well
ahead of the scheduled maturity date, but also advances our financial strategy of increasing the term
of our debt in line with our long life assets.’’
The RCF is charged at 175 basis points above the London Interbank Offered Rate and carries a
commitment fee of 40 percent of margin.
The syndicate comprises as mandated lead arrangers: Australia and New Zealand Banking Group,
Barclays Capital, Bank of America, Bank of Montreal, The Bank of Tokyo-Mitsubishi UFJ, CIBC World
Markets, Citibank International, Commonwealth Bank of Australia, Goldman Sachs International,
Morgan Stanley, FirstRand Bank acting through Rand Merchant Bank, Royal Bank of Canada,
Scotiabank, Standard Chartered Bank and UBS. Deutsche Bank AG is the co-arranger and Barclays
Bank PLC is the agent.
ENDS
Contacts
Tel:
Mobile:
E-mail:
Alan Fine (Media)
+27 (0) 11 637 6383
+ 27 (0) 83 325 0757
afine@AngloGoldAshanti.com
Stewart Bailey (Investors)
+1 212 836 4303
+1 646 338 4337
sbailey@anglogoldashanti.com
or
+27 82 330 9628
Certain statements made in this communication, including, without limitation, those concerning AngloGold Ashanti’s strategy to reduce its
gold hedging position including the extent and effects of the reduction, the economic outlook for the gold mining industry, expectations
regarding gold prices, production, cash costs and other operating results, growth prospects and outlook of AngloGold Ashanti’s operations,
individually or in the aggregate, including the completion and commencement of commercial operations of certain of AngloGold Ashanti’s
exploration and production projects, the resumption of production at AngloGold Ashanti’s mines in Ghana, the completion of announced
mergers and acquisitions transactions, AngloGold Ashanti’s liquidity and capital resources, and expenditure and the outcome and
consequences of any litigation proceedings or environmental issues, contain certain forward-looking statements regarding AngloGold
Ashanti’s operations, economic performance and financial condition. Although AngloGold Ashanti believes that the expectations reflected in
such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct.
Accordingly, results could differ materially from those set out in the forward-looking statements as a result of, among other factors, changes
in economic and market conditions, success of business and operating initiatives, changes in the regulatory environment and other
government actions including environmental approvals and actions, fluctuations in gold prices and exchange rates, and business and
operational risk management. For a discussion of certain of these factors, refer to AngloGold Ashanti's annual report for the year ended
31 December 2009, which was distributed to shareholders on 30 March 2010. The company’s annual report on Form 20-F, was filed with the
Securities and Exchange Commission in the United States on April 19, 2010. AngloGold Ashanti undertakes no obligation to update publicly
or release any revisions to these forward-looking statements to reflect events or circumstances after today’s date or to reflect the
occurrence of unanticipated events. All subsequent written or oral forward-looking statements attributable to AngloGold Ashanti or any
person acting on its behalf are qualified by the cautionary statements herein.
AngloGold Ashanti posts information that is important to investors on the main page of its website at www.anglogoldashanti.com and under
the “Investors” tab on the main page. This information is updated regularly. Investors should visit this website to obtain important
information about AngloGold Ashanti.