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Petra Diamonds PDL Completion of Debt Facilities

  Petra Diamonds (PDL) - Completion of Debt Facilities

RNS Number : 3747R
Petra Diamonds Limited
19 November 2012




                                      



                       

19 November 2012 LSE: PDL

                                      

                                      

                            Petra Diamonds Limited

                          ("Petra" or "the Company")

                                      

                        Completion of Debt Facilities



                                      

Further to  the  announcement  of  13  November  2012,  Petra  announces  that 
financial close in relation to the FirstRand Bank Limited (acting through  its 
Rand Merchant  Bank and  First National  Bank divisions),  Absa Corporate  and 
Investment Banking ("Absa") (a division of  Absa Bank Limited and a member  of 
Barclays) and  IFC (a  member of  the  World Bank  Group) debt  facilities  of 
approximately  US$244  million  was  reached   on  16  November  2012.   These 
transactions have now completed and the facilities are available for drawdown.



Full details pertaining to  the terms of the  facilities were provided in  the 
Company's announcement of 13 November 2012.





                                   ~ Ends ~



For further information, please contact:



Petra Diamonds, London Telephone: +44 20 7318 0452
Cathy Malins           cathym@petradiamonds.com



Buchanan        Telephone: +44 20 7466 5000

(PR Adviser)
Bobby Morse     bobbym@buchanan.uk.com

Louise Mason    louisem@buchanan.uk.com

Cornelia Browne corneliab@buchanan.uk.com



RBC Capital Markets Telephone: +44 20 7653 4000

(Joint Broker)
Martin Eales        martin.eales@rbccm.com
Pierre Schreuder    pierre.schreuder@rbccm.com



Canaccord Genuity Limited Telephone: +44 20 7523 8000

(Joint Broker)
Rob Collins               rcollins@canaccordgenuity.com

Andrew Chubb              achubb@canaccordgenuity.com





About Petra Diamonds Limited

Petra  Diamonds  is  a  leading  independent  diamond  mining  group  and   an 
increasingly important supplier of rough diamonds to the international market.
The Company has  interests in  eight producing  mines: seven  in South  Africa 
(Finsch, Cullinan, Koffiefontein, Kimberley  Underground, Helam, Sedibeng  and 
Star) and  one in  Tanzania  (Williamson). It  also maintains  an  exploration 
programme in Botswana.



The Company has recently commenced a disposal process in respect of the Helam,
Sedibeng and Star mines (the Fissure Mines),  which are no longer core to  the 
Group's portfolio.



Petra offers an exceptional growth profile, with a core objective to  steadily 
increase annual production to  5 million carats  by FY 2019.  The Group has  a 
major resource base in excess of 300 million carats.



Petra conducts all operations according  to the highest ethical standards  and 
will only operate  in countries which  are members of  the Kimberley  Process. 
Petra is quoted with a premium listing on the Main Market of the London  Stock 
Exchange under the ticker 'PDL' and is a member of the FTSE 250.



For more information, visit the Company's website at www.petradiamonds.com



                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


MSCFFMFMMFESEFF -0- Nov/19/2012 07:00 GMT
 
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