Sibanye-Stillwater expands revolver to $1 billion from $600 million

By Devika Patel

Knoxville, Tenn., April 11 – Sibanye-Stillwater Ltd. refinanced and increased its revolving credit facility to $1 billion from $600 million, according to a press release.

The revolver, with a syndicate of 10 international banks, led by Citi and Royal Bank of Canada, may be further increased by $200 million through the inclusion of additional lenders.

The new facility matures in three years, with lenders having the option to extend the tenor through two one-year extensions on request from Sibanye-Stillwater.

Sibanye is a mining company based in Westonaria, South Africa.

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