INVESTORS AND MEDIA 
Media release
Johannesburg, 7 June 2016: Gold Fields Limited (Gold Fields) (JSE, NYSE: GFI) has successfully refinanced its US$1,440m credit facilities due in November 2017. The new facilities amount to US$1,290m and comprise three tranches:
| A. | US$380m - 3-year term loan – margin 250 basis points (bps) over Libor |
| B. | US$360m - 3-year revolving credit facility (RCF) (with an option to extend to up to 5 years)- margin 220bps over Libor |
| C. | US$550m - 5-year RCF- margin 245bps over Libor |
The new facilities have been concluded with a syndicate of 15 banks. On average, the interest rate on the new facilities is similar to the interest rate on the existing facilities. A total of US$645m will be drawn from the new facilities to repay the group’s existing US$ facilities, with US$645m remaining unutilised.
The refinancing is a key milestone in Gold Fields’ balance sheet management and increases the maturity of its debt, with the first maturity now only in June 2019 (previously November 2017).
In addition, since the start of the year, Gold Fields has successfully reduced its net debt by approximately US$150m following the tender offer on the bonds and the accelerated equity raising.
Moody's Investors Service and Standard & Poor's revised the outlook on the long-term credit rating of Gold Fields (Moody’s: Ba1; S&P: BB+) to stable from negative in March and April, respectively.
Enquiries
Investors
Avishkar Nagaser
Tel: +27 11 562-9775
Mobile: +27 82 312 8692
Email : Avishkar.Nagaser@goldfields.co.za
Media
Sven Lunsche
Tel: +27 11 562-9763
Mobile: +27 83 260 9279
Email : Sven.Lunsche@goldfields.co.za
