[miningmx.com] – GOLD Fields is to lengthen loan maturities on some $2.1bn in debt of which $750m is due in 2015, said Bloomberg News citing comments by CEO, Nick Holland at last week’s third quarter results presentation.
“We’re looking to see if we can move the tenor of our debt out,’ Holland told Bloomberg News. “You don’t want to have too much debt in chunky maturities. If you can try and spread your maturities out, you reduce the risk of major refinancings happening at the same time,’ he said.
In addition to debt due in 2015, a $1bn bond matures in October 2020, according to the company’s third-quarter results.
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