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AngloGold Ashanti announces launch of proposed notes offering

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Anglogold mines

AngloGold Ashanti has announced today, Monday, 18 October 2021, the proposed offering of US$750 million aggregate principal amount of notes due 2028.

The New Notes will be issued by AngloGold Ashanti Holdings plc (the “Issuer”), a direct wholly-owned subsidiary of the company, and will be unsecured and fully and unconditionally guaranteed by the Company. 

The Issuer intends to use the net proceeds from the offering of the New Notes, together with cash on hand, to (i) fund the purchase price for the Issuer’s outstanding 5.125% notes due 2022 (the “Existing Notes”) to the extent validly tendered  and accepted  for payment in  a tender offer for the Existing  Notes, (ii) redeem any  remaining outstanding  Existing Notes, which have not been validly tendered  and accepted for payment in such tender offer, and (iii) pay related transaction fees, including applicable premia and expenses.

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