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.
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For further information, please contact:
Petra Diamonds, London Telephone: +44 20 7318 0452
Cathy Malins email@example.com
Buchanan Telephone: +44 20 7466 5000
Bobby Morse firstname.lastname@example.org
Louise Mason email@example.com
Cornelia Browne firstname.lastname@example.org
RBC Capital Markets Telephone: +44 20 7653 4000
Martin Eales email@example.com
Pierre Schreuder firstname.lastname@example.org
Canaccord Genuity Limited Telephone: +44 20 7523 8000
Rob Collins email@example.com
Andrew Chubb firstname.lastname@example.org
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
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
MSCFFMFMMFESEFF -0- Nov/19/2012 07:00 GMT
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