Post by A&O Shearman

We advised a consortium of 18 initial purchasers and five dealer managers in connection with Sibanye Stillwater's (“Sibanye”) USD500 million bond issuance and concurrent tender offers. The transaction, aimed at reducing Sibanye’s gross debt, included issuing USD500 million in senior notes and launching a series of concurrent tender offers to purchase for cash any and all of its 4.000% senior notes due 2026 and up to USD75 million of its 4.500% senior notes due 2029. These were funded with cash on hand and the net proceeds from the senior notes offering. Sibanye is a multinational mining and metals processing group with a diverse portfolio of mining and processing operations, projects and investments across five continents. Sibanye is one of the foremost global recyclers of a suite of metals, having increased its presence in the circular economy by growing its recycling and tailings reprocessing exposure globally. The team was led by partner Trevor Ingram, senior associate Evangelia Andronikou and associates Stavros Bakolas, Silvia Montanya, Julia Szinovatz, Paridhi Srivastava and Laurens Christiaan de Korte. Read more: https://ow.ly/QsWx50Zjxz7 #AOShearman #CapitalMarkets