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Sibanye to undertake $1bn rights offering to repay part of Stillwater acquisition loan

The spinoff of JSE- and NYSE-listed Gold Fields, Sibanye gold has announced a $1-billion rights offering to repay a portion of a $2.65-billion loan facility it used to acquire US platinum producer Stillwater Mining.
The Johannesburg-based miner said Thursday that a further announcement setting out the full terms of and finalisation information regarding the rights offer is currently scheduled to be released on Thursday, 18 May. It said all information with regards to the rights offer will be available on its website later that day.