3rd Mar 2008 15:00
Kazakhmys PLC03 March 2008 3 March 2008 KAZAKHMYS PLC ANNOUNCES THE SIGNING OF A US$ 2.1 BILLION PRE-EXPORT FINANCE DEBT FACILITY Kazakhmys PLC announces the signing of its US$2.1 billion pre-export financedebt facility, which was first announced on 5 February 2008. The five yearfacility, which met with significant oversubscription, is to be used for generalcorporate purposes, including the proposed acquisition of the Ekibastuz powerplant. The transaction was managed by Deutsche Bank and the Mandated Lead Arrangers andbookrunners were ABN AMRO Bank, Barclays Bank, BNP Paribas, CALYON, Commerzbank,Deutsche Bank, Dresdner Bank, ING Bank, Natixis, Societe Generale Corporate &Investment Banking, Sumitomo Mitsui Banking Corporation, The Bank ofTokyo-Mitsubishi UFJ and WestLB. The Arrangers were Bank of China, Fortis, JPMorgan Chase Bank, Merrill LynchInternational Bank, and Rabobank International. The Co-Arranger was ICBCLondon. Matthew Hird, Chief Financial Officer of Kazakhmys PLC stated: "We are delightedby the response from the banking market to our debut transaction, especially inthe current challenging market conditions. The participation of 19 banks and thesignificant oversubscription for the deal reflects our strong balance sheet,cashflow generation and demonstrates the support for our growth strategy. Thisis the first opportunity for international debt investors to participate inKazakhmys' credit and enables us to enhance our financial flexibility bydiversifying our sources of funding. We look forward to further fundinginitiatives, in due course, as the Group continues to expand through organic andacquisitive growth." For further information please contact: ---------------------------- -------------------John Smelt, Head of Corporate Communication Tel:+44 20 7901 7882 Mob:+44 787 964 2675Olga Nekrassova, Financial Analyst Tel:+44 20 7901 7814---------------------------- -------------------Kazakhmys PLC---------------------------- ----------------------------------------------- -------------------David Simonson & Tom Randell (English language)Leonid Fink & Anastasia Ivanova (Russian language)---------------------------- -------------------Merlin Tel:+44 20 7653 6620---------------------------- ------------------- - ends - Notes to Editors Kazakhmys PLC is the largest copper producer in Kazakhstan and one of theleading copper producers in the world. Kazakhmys is a fully integrated copperproducer from mining ore through to the production of finished copper cathodeand rod. The Group produces significant volumes of other metals as by-products,including zinc, silver and gold. Existing operations include 20 open pit andunderground mines, 9 concentrators, two copper smelting and refining complexes,a copper rod plant, a zinc plant and a precious metals refinery. Production isbacked by a captive power supply and significant rail infrastructure. Kazakhmysalso owns MKM, a copper products fabrication company in Germany, and has Goldand Petroleum Divisions with assets in Kazakhstan and Central Asia. The Group'sstrategic aim is to diversify and participate in the development of thesignificant natural resource opportunities in Central Asia. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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