Randgold Resources Limited: New USD200m unsecured revolving credit facility
LONDON--(Marketwired - May 20, 2013) - Randgold Resources Limited
(
RANDGOLD RESOURCES LIMITED
Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
NASDAQ Trading Symbol: GOLD
("Randgold Resources" or the "Company")
RANDGOLD RESOURCES ANNOUNCES NEW US$200 MILLION UNSECURED REVOLVING
CREDIT FACILITY
Randgold Resources Limited is pleased to announce that the Company has
entered into a US$200 million unsecured revolving credit facility with
HSBC and three other banks. The unsecured revolving credit facility
matures in May 2016 and is intended to be used for general corporate
purposes. "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," says Randgold
Resources' CEO Mark Bristow.
The terms of the credit facility are favourable to the Company and
consistent with current market conditions. The interest rate on the
credit facility is LIBOR plus 1.50% at the lower end of the leverage
grid. HSBC acted as the sole bookrunner on the facility with the other
members of the syndicate, who consist of the banking groups of
Barclays, Citibank, and Standard Chartered, acting as mandated lead
arrangers.
RANDGOLD RESOURCES' ENQUIRIES:
Chief Executive Financial Director Investor & Media Relations
Mark Bristow Graham Shuttleworth Kathy du Plessis
+447880711386 +441534735333 +442075577738
+447797752288 +447797711338 Email:randgold@dpapr.com
Website: www.randgoldresources.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Except for the
historical information contained herein, the matters discussed in this
news release are forward-looking statements within the meaning of
Section 27A of the US Securities Act of 1933 and Section 21E of the US
Securities Exchange Act of 1934, and applicable Canadian securities
legislation. Forward-looking statements include, but are not limited
to, statements with respect to the future price of gold, the estimation
of mineral reserves and resources, the realisation of mineral reserve
estimates, the timing and amount of estimated future production, costs
of production, reserve determination and reserve conversion rates.
Generally, these forward-looking statements can be identified by the
use of forward-looking terminology such as 'will', 'plans', 'expects'
or 'does not expect', 'is expected', 'budget', 'scheduled','estimates',
'forecasts', 'intends', 'anticipates' or 'does not anticipate', or
'believes', or variations of such words and phrases or state that
certain actions, events or results 'may', 'could', 'would','might' or
'will be taken', 'occur' or 'be achieved'. Assumptions upon
which such forward-looking statements are based are in turn based on
factors and events that are not within the control of Randgold
Resources and there is no assurance they will prove to be correct.
Forward-looking statements are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of Randgold Resources to
be materially different from those expressed or implied by such
forward-looking statements, including but not limited to: risks
related to mining operations, including political risks and instability
and risks related to international operations, actual results of
current exploration activities, conclusions of economic evaluations,
changes in project parameters as plans continue to be refined, as well
as those factors discussed in Randgold Resource's filings with the US
Securities and Exchange Commission (the 'SEC'). Although the Company
has attempted to identify important factors that could cause actual
results to differ materially from those contained in forward-looking
statements, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that
such statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements. Randgold Resources does not undertake to
update any forward-looking statements herein, except in accordance with
applicable securities laws. CAUTIONARY NOTE TO US INVESTORS: The SEC
permits companies, in their filings with the SEC, to disclose only
proven and probable ore reserves. The Company uses certain terms in
this release, such as 'resources', that the SEC does not recognise and
strictly prohibits us from including in our filings with the SEC.
Investors are cautioned not to assume that all or any parts of the
Company's resources will ever be converted into reserves which qualify
as 'proven and probable reserves' for the purposes of the SEC's
Industry Guide number 7.
This information is provided by RNS
The company news service from the London Stock Exchange
END
Contacts: RNS Customer Services 0044-207797-4400 Email Contact http://www.rns.com
