Our finance & banking team is advised Harmony Gold in a US$200 million equity take out bridge loan facility, from a syndicate of banks
- Home
- Home
- Our finance & banking team is advised Harmony Gold in a US$200 million equity take out bridge loan facility, from a syndicate of banks
Our finance & banking team is advised Harmony Gold in a US$200 million equity take out bridge loan facility, from a syndicate of banks
Cliffe Dekker Hofmeyr is representing Harmony Gold, the third-largest gold mining company in South Africa and the 12th largest world-wide.
Our finance and banking team is advised Harmony Gold in a US$200 million equity take out bridge loan facility, from a syndicate of banks. The facility will be utilised to fund part of the acquisition of the Moab Khotsong and Great Noligwa Mines from Anglo Gold Ashanti. Our team led work on a range of complex intercreditor issues and handled tough negotiations between the global and local syndicate lenders.
You might also be interested in
24 May 2024
by Brigitta Mangale and Lara Sneddon
Long walk to freedom, and longer still to go
27 April 2024 marked 30 years of democracy in South Africa. Since the country’s first democratic elections in 1994, and the adoption of the final Constitution in 1996, South Africa has undergone a radical transition from an oppressive apartheid regime to the constitutional democracy it now enjoys – one that is committed to the creation of a society based on democratic values, social justice and fundamental humanrights.
Pro Bono & Human Rights
6 min read
6 Jul 2023
by Mashudu Mphafudi and Michael Bailey
The application of the in duplum rule to post-judgment interest: The SCA clarifies the legal position
The in duplum rule will not come to your rescue if you fail to make post-judgment interest after arrear interest ceases to accrue when the unpaid arrear interest equals the principal debt while litigation is still pending. The Supreme Court of Appeal recently confirmed this in MEC: Police, Roads, and Transport Free State Provincial Government v Bovicon Consulting Engineers CC and Another (278/2022) ZASCA 99 (14 June 2023).
Finance & Banking Law
4 min read
21 Sep 2023
by Alex Kanyi
Draft Medium-Term Revenue Strategy
On 15 September 2023 the Government of Kenya published the draft Medium-Term Revenue Strategy (MTRS) for the financial years from 2024/25 to 2026/27, which aims to raise sufficient resources for the implementation of the Government’s priority programmes under the Bottom-Up Economic Transformation Agenda by providing a comprehensive approach of undertaking effective tax system reforms to boost tax revenues and improving the tax system over the medium term.
Tax & Exchange Control
7 min read
28 Jun 2024
by Elgene Roos
Reflecting on World Refugee Day: A South Africa for All
Thursday, 20 June 2024 marked World Refugee Day. A day designated by the United Nations to honour refugees around the globe and acknowledge the strength and courage of people who have been forced to flee their home countries.
Firm News
30 May 2024
by Clarice Wambua
Kenya unveils Carbon Market Regulations
The gazettement of the Climate Change (Carbon Markets) Regulations, 2024 (Regulations) on 17 May 2024, has set the stage for the regulatory oversight of carbon project development and management in Kenya. The Regulations have been enacted following a legal reform process that began with the amendment of the Climate Change Act, 2016 (Act) in 2023 to explicitly address carbon market concerns, and signal Kenya’s readiness to intensify efforts to take on opportunities presented by the global carbon markets. The Regulations introduce the key provisions outlined below.
Environmental Law
4 min read
2 Feb 2024
by Pitso Kortjaas and Priscilla Brandt
The Future of Sustainability-Linked Bonds in South Africa
The South African market for sustainability-linked bonds (SLBs) holds significant potential for the future. South Africa, grappling with complex environmental, social and governance challenges, finds itself at the precipice of a transformative financial instrument: sustainability-linked bonds.
Finance & Banking Law
4 min read