A&O Shearman advises on Sibanye Stillwater’s USD500m senior notes offering and concurrent tender offers

A&O Shearman advised a consortium of 18 initial purchasers and five dealer managers in connection with Sibanye Stillwater’s (Sibanye) USD500m bond issuance and concurrent tender offers. The transaction, aimed at reducing Sibanye’s gross debt, comprised the issuance of USD500m aggregate amount of senior notes and a series of concurrent tender offers to purchase for cash any and all of Sibanye’s outstanding 4.000% senior notes due 2026 and up to USD75m aggregate principal amount of its 4.500% senior notes due 2029. Each tender offer was to be funded with cash on Sibanye’s balance sheet and the net proceeds from the senior notes offering. Sibanye is a multinational mining and metals processing group with a diverse portfolio of mining and processing operations, projects and investments across five continents. Sibanye is one of the foremost global recyclers of a suite of metals, having increased its presence in the circular economy by growing its recycling and tailings reprocessing exposure globally. A&O Shearman represented the consortium of 18 initial purchasers and five dealer managers with a team composed by: Trevor Ingram (Partner, London); Evangelia Andronikou (Senior Associate, London); Stavros Bakolas (Associate, London); Silvia Montanya (Associate, London); Julia Szinovatz (Associate, London); Paridhi Srivastava (Associate, London); and Laurens de Korte (Associate, London).

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A&O Shearman advises on Sibanye Stillwater’s USD500m senior notes offering and concurrent tender offers

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A&O Shearman advises on Sibanye Stillwater’s USD500m senior notes offering and concurrent tender offers

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