Exxaro concludes R13bn corporate refinancing

Mining and renewable-energy company Exxaro has reached financial close on R13-billion in new term refinancing facilities. The Johannesburg Stock Exchange-listed company said on Thursday, February 5, that the refinancing had been carried out by a syndicate of nine local South African commercial banks, asset managers and international lenders and replaced existing R10-billion corporate facilities, which were scheduled to reach maturity in April.