Slaughter and May advised AngloGold Ashanti, a leading global gold producer headquartered in South Africa, on a new US$750,000,000, syndicated bridge loan facility, pursuant to which a syndicate of banks has agreed to make available US$750,000,000 to AngloGold Ashanti Holdings. In the event AngloGold Ashanti chooses to draw on the loan, the proceeds are to be applied towards the repayment of its US$732,500,000, 3.5% convertible bonds due in May 2014.

Slaughter and May worked alongside Cravath, Swaine & Moore LLP, who advised on U.S. law matters, Edward Nathan Sonnenbergs Inc, who advised on South African law matters, and Cains, who advised on Isle of Man law matters.
 
Contacts

Financing: Matthew Tobin (partner), Laurie Keel (associate)

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