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De Beers signs $2bn debt deal

Nov 01 2011 16:34 Reuters

Company Data

ANGLO AMERICAN PLC [JSE:AGL]

Last traded 270.35
Change 5.86
% Change 0.02
Cumulative volume 160117
Market cap 379.97bn

Last Updated: 17/09/2014 at 09:17. Prices are delayed by 15 minutes. Source: McGregor BFA

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London - Diamond producer De Beers, 45% owned by miner Anglo American [JSE:AGL], has signed a $2bn debt deal to refinance existing debt and fund growth.

De Beers said the new $2bn multicurrency credit facility would be split between an $800m loan maturing in March 2015 and a $1.2bn revolving credit facility maturing in October 2016.

The proceeds will refinance an existing $3bn multicurrency revolving facility and a $200m loan agreement, and will be used for “general corporate purposes”.
anglo american  |  de beers
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