Our finance & banking team is advised Harmony Gold in a US$200 million equity take out bridge loan facility, from a syndicate of banks
- Home
- Home
- Our finance & banking team is advised Harmony Gold in a US$200 million equity take out bridge loan facility, from a syndicate of banks
Our finance & banking team is advised Harmony Gold in a US$200 million equity take out bridge loan facility, from a syndicate of banks
Cliffe Dekker Hofmeyr is representing Harmony Gold, the third-largest gold mining company in South Africa and the 12th largest world-wide.
Our finance and banking team is advised Harmony Gold in a US$200 million equity take out bridge loan facility, from a syndicate of banks. The facility will be utilised to fund part of the acquisition of the Moab Khotsong and Great Noligwa Mines from Anglo Gold Ashanti. Our team led work on a range of complex intercreditor issues and handled tough negotiations between the global and local syndicate lenders.
You might also be interested in
7 Mar 2024
by Jerome Brink
Solar is dead, long live solar
Renewable energy in South Africa is a hot topic. Not only because South Africa has an energy crisis and climate change needs to be averted, but also because the South African Government is assisting in the transition to a greener, cleaner, and more stable energy supply by, amongst other things, offering favourable tax incentives in this space.
Tax & Exchange Control
4 min read
5 Jun 2024
by Roxanne Bain
CIPC Announcement on beneficial ownership
CIPC has once again issued a warning in connection with beneficial ownership filings. They notified the public yesterday that with effect from 1 July 2024, it will not be possible to file an annual return unless there has first been compliance with the requirement to submit a securities register and beneficial ownership information or beneficial interest information (as applicable).
Corporate & Commercial Law
1 min read
13 Mar 2024
by Vincent Manko, Dipuo Titipana and Denzil Mhlongo
The extent of business rescue practitioners’ powers to suspend a company’s contractual obligations
Chapter 6 of the Companies Act 71 of 2008 (Companies Act) confers various powers on business rescue practitioners (BRPs) once they have assumed their responsibilities to restructure the affairs of a company that has been placed under business rescue. This is achieved through the temporary supervision of the company, and the management of its affairs, business and property, by the BRP; a temporary moratorium on the rights of claimants against the company or in respect of property belonging to the company or lawfully in the possession of the company; and the development and implementation, if approved, of a business rescue plan to rescue the company by restructuring its affairs, amongst other things.
Corporate Debt, Turnaround & Restructuring
4 min read
31 Jul 2024
by Susan Meyer and Shandré Smith
Increasing accessibility: The Competition Commission’s Fresh Produce Market Inquiry
On 23 March 2023, the Competition Commission (Commission) initiated the Fresh Produce Market Inquiry (the inquiry). The scope of the inquiry was set out in the final terms of reference (ToR).
Competition Law
4 min read
3 Oct 2024
by Njeri Wagacha, Alex Kanyi, Charity Muindi and David Kimani
Implementation of the Social Health Insurance Fund on track: Court of Appeal rules
The Social Health Insurance Fund (SHIF) was established by the Social Health Insurance Act, 2023 (Act). This, alongside the Primary Health Care Act, 2023 and the Digital Health Act, 2023 (the acts), were established to promote the right to affordable healthcare under the Constitution of Kenya, 2010 (Constitution). On 12 July 2024 the High Court declared some of the sections of the Act unconstitutional and gave Parliament 120 days to adhere to its orders, as discussed in our alert here .
Employment Law
4 min read
19 Apr 2024
by Yvonne Mkefa and Lebohang Mabidikane
CDH South Africa welcomes two renowned Directors to the firm
Cliffe Dekker Hofmeyr (CDH), a leading corporate and commercial law firm, is pleased to announce the appointment of two distinguished legal professionals to key positions within the firm. As of 1 April, Yvonne Mkefa, Director, Employment Law practice, and Lebohang Mabidikane, Director, Competition Law joined the CDH ranks, bringing with them a wealth of experience and expertise in their respective legal fields.
Firm News
3 min read