Exxaro Secures US$730 Million (R13Billion) Syndicated Loan Facility

Exxaro Resources has successfully closed a US$730 Million syndicated refinancing, one of the largest corporate loan syndications in the history of Johannesburg loan market. The financing, arranged through a consortium of 13 lenders led by Rand Merchant Bank(RMB), replaces the company's exisiting debt facilities with new unsecured financing on more favourable commercial terms.

The refinancing strengthens Exxaro's capital structure and provides long-term funding flexibility as the mining and resources group advances its strategic growth agenda. It comes at a pivotal time for the company, following its proposed US$670,000,000 maganese acquisition and contiuned expansion of its renewable energy portfolio through Cennergi. The transaction underscores continued lender confidence in South Africa's mining sector and highlights the depth and resilience of the country's syndicated lending market.

Advisory Team:

CLIFFE DEKKER HOFMEYR (CDH)

Johan de Lange

Sidumisile Zikhali

Kgabi Moeng

Khutso Mongadi