SYS-CON MEDIA Authors: Bob Gourley, Greg Schulz, Don Nelson, Gilad Parann-Nissany, Noel Wurst

News Feed Item

Newcrest Mining Limited - Newcrest extends maturity of its bilateral bank facilities

MELBOURNE, Australia, March 28, 2014 /CNW/ - Newcrest Mining Limited (ASX: NCM) - Newcrest announced today that it has completed arrangements to extend the tenor of its existing bilateral bank loan facilities. The maturity profile of Newcrest's bilateral bank loan facilities before and after the extension is tabulated below:

  Bilateral bank loan facilities maturity profile (US$m)
FY14 FY15 FY16 FY17 FY18 FY19 FY20 Total
Pre-extension - - 1,725 325 975 125 - 3,150
Post-extension - - 350 1,075 850 750 125 3,150

Newcrest Finance Director and Chief Financial Officer, Gerard Bond, said "The extension provides a smoother and longer average maturity profile for Newcrest's bilateral loan facilities, with no material change to terms and conditions, no increase in the total level of debt facilities and no increase in interest cost."

"The extension affirms the strong ongoing support Newcrest has from its existing relationship banks, which Newcrest greatly appreciates," he said.

A copy of the release be found on Newcrest's website: www.newcrest.com.au and on SEDAR: www.sedar.com

SOURCE Newcrest Mining Limited

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.