Linklaters advises Sibanye-Stillwater on its US$1.2 billion senior notes issuance

Linklaters has advised Sibanye-Stillwater on the issuance of its US$1.2 billion senior notes. The notes were issued through Sibanye-Stillwater’s subsidiary, Stillwater Mining Company, in two tranches: US$675 million 4.000% senior notes due 2026 and US$525 million 4.500% senior notes due 2029. The net proceeds of the notes will be used to redeem Sibanye-Stillwater’s existing notes due in 2025 as well as for general corporate purposes, including advancing Sibanye-Stillwater’s green metals strategy.

Sibanye-Stillwater is a leading international mining company, with a diverse portfolio of assets including platinum group metals operations and projects in the United States and Southern Africa, gold operations and projects in South Africa, and platinum group metals, copper and gold exploration properties in North and South America. More recently, Sibanye-Stillwater has advanced its strategic entry into the battery metal sector by acquiring interests in battery metal projects and facilities in Europe and the United States. 

The Linklaters team was led by partner Jeffrey Cohen and senior US associate Igor Rogovoy, supported by US associates Alexa Carrero and Sam Rodriguez.