The group also includes Barclays, Citibank and Standard Chartered with HSBC acting as the sole book-runner and other banks as mandated lead arrangers.
Commenting on the developments, Randgold Resources CEO Mark Bristow stated that the funds were obtained to fuel its growth initiatives in sync with company’s strategic plan.
The company said that the terms of the credit facility would mature in May 2016. The interest rate on the credit facility is LIBOR plus 1.50% at the lower end of the leverage grid.
The terms of the credit facility are favorable to the company and consistent with current market conditions, it added.
