Sibanye Stillwater launches cash tender offers for US$75 million of 2029 notes

  • Sibanye Stillwater launched cash tender offers via Stillwater Mining to cut gross debt, targeting any and all outstanding 4.000% senior notes due 2026 with US$675 million principal outstanding.
  • Offer also covers up to US$75 million of 4.500% senior notes due 2029 from US$525 million outstanding, with early tender total consideration of US$962.5 per US$1,000.
  • Settlement for 2026 Notes expected May 15, 2026; early settlement for 2029 Notes expected May 22, 2026; final expiration for 2029 Notes set for June 4, 2026.
  • Completion depends on a planned new U.S. dollar-denominated senior notes issuance, with proceeds intended to fund tender purchases alongside cash reserves.


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