Company announcements Home » Investors » News » Company announcements » Harmony reduces debt and strengthens balance sheet – US$100 million repaid on bridge facility 2018 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 Harmony reduces debt and strengthens balance sheet – US$100 million repaid on bridge facilityJune 19, 2018Johannesburg, Tuesday 19 June 2018. Harmony Gold Mining Company Limited (“Harmony” and/or “the Company”) is pleased to announce that it has repaid a further US$100 million on the original US$200 million bridge loan raised for the acquisition of Moab Khotsong. Peter Steenkamp, chief executive officer said “Harmony believes in having a robust and flexible balance sheet that supports its growth ambitions. We have used the proceeds from the oversubscribed share placement announced on 6 June 2018 to repay US$100 million of the bridge facility. Production at Moab Khotsong in the past three and a half months support our view that the mine is a quality asset and it will strengthen Harmony’s cash flows further”. The remaining balance outstanding of US$50 million on the bridge loan is expected to be repaid from operating cash flows as well as the proceeds from the share placement to African Rainbow Minerals Limited (which is subject to approval by shareholders). JSE Sponsor:J.P. Morgan Equities South Africa Proprietary Limited For more details contact: Lauren FourieInvestor Relations Manager+27 (0) 071 607 1498 (mobile) Marian van der Walt Executive: Corporate and Investor Relations +27 (0) 82 888 1242 (mobile) Harmony Gold Mining Company Limited (Harmony), a world-class gold mining and exploration company, has operations and assets in South Africa and Papua New Guinea (PNG). Harmony has more than 60 years’ experience in the industry. Company assets include one open pit mine and several exploration tenements in PNG, as well as 10 underground mines and 1 open pit operation and several surface sources in South Africa. In addition, Harmony owns 50% of the significant Wafi-Golpu copper-gold project – a tier 1 asset – in a joint venture in PNG. The company’s primary stock exchange listing is on the JSE with a secondary listing on the New York Stock Exchange. The bulk of our shareholders are in South Africa and the United States. Additional information on the company is available on the corporate website, www.harmony.co.za.
