Randgold Resouces enters 200m dollar credit facility
Randgold Resources, the FTSE 100-listed gold miner, has entered into a 200m dollar unsecured revolving credit facility with HSBC and three other banks to be used for general corporate purposes.
Randgold Resources, the FTSE 100-listed gold miner, has entered into a 200m dollar unsecured revolving credit facility with HSBC and three other banks to be used for general corporate purposes.
The terms of the facility, which matures in May 2016, are described by the company as 'favourable', and have an interest rate of LIBOR (the rate at which London bank lend to one another) plus 1.5%.
"Funds from this corporate facility combined with our strong operational cash flow will enhance our ability to implement our growth initiatives in line with the Company's strategic plan," Randgold's Chief Executive Mark Bristow said.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
NR
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Global equities that should weather the stockmarket's storms
Opinion Alex Illingworth of Goshawk Asset Management highlights three diverse opportunities in global equities despite a turbulent landscape
-
8 of the best houses for sale with dining terraces
The best houses for sale with dining terraces – from an Arts & Crafts property in Great Missenden, Buckinghamshire, to a duplex apartment in a garden square in Kensington with a decked roof terrace