Lenders loosen Sibanye’s borrowing restrictions
Lenders of its revolving credit facilities have agreed to raise the covenant limits, allowing the mining giant to carry more debt
07 June 2024 - 13:30
Sibanye-Stillwater, SA’s largest private sector employer, has secured an increased debt capacity of its revolving credit facilities (RCF), which include $1bn and R5.5bn, after a plunge in earnings.
Sibanye had asked its lenders for a temporary increase following a substantial decline in first-quarter earnings. ..
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