Newcrest Mining Limited - Newcrest extends maturity of its bilateral bank facilities
MELBOURNE, Australia, March 28, 2014 /CNW/ - Newcrest Mining Ltd. (ASX: NCM) - Newcrest announced today that it has completed arrangements to extend the tenor of its existing bilateral bank loan facilities. The maturity profile of Newcrest's bilateral bank loan facilities before and after the extension is tabulated below:
| Bilateral bank loan facilities maturity profile (US$m) | ||||||||
| FY14 | FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | Total | |
| Pre-extension | - | - | 1,725 | 325 | 975 | 125 | - | 3,150 |
| Post-extension | - | - | 350 | 1,075 | 850 | 750 | 125 | 3,150 |
Newcrest Finance Director and Chief Financial Officer, Gerard Bond, said "The extension provides a smoother and longer average maturity profile for Newcrest's bilateral loan facilities, with no material change to terms and conditions, no increase in the total level of debt facilities and no increase in interest cost."
"The extension affirms the strong ongoing support Newcrest has from its existing relationship banks, which Newcrest greatly appreciates," he said.
A copy of the release be found on Newcrest's website: www.newcrest.com.au and on SEDAR: www.sedar.com
SOURCE Newcrest Mining Ltd.
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