Nordgold Agrees US$300 Million Five-Year Debt Facility with international banks

Moscow, Russia, 15 March 2018 - Nord Gold SE (“Nordgold” or the “Company”, “Group”), the internationally diversified gold producer, is pleased to announce that the Group has signed a US$300 million, five-year unsecured debt facility with a group of international banks.

The syndicated loan is provided by the following mandated lead arrangers: ING, AO Raiffeisenbank, Raiffeisenbank Bank International AG, PJSC Rosbank, Societe Generale Corporate & Investment Banking and AO UniСredit Bank. ING acted as coordinator and documentation agent while Raiffeisenbank Bank International was appointed as Facility agent.

Nordgold intends to use the proceeds of the facility to refinance its existing Eurobonds, which mature in May 2018 (approximately US$448 million). The Eurobonds refinancing will be partially funded by cash on the Company’s balance sheet.

Nikolai Zelenski, Nordgold CEO, said:

“Securing this facility is a reflection of our strong relationship with the leading European lenders, and further demonstration of our effective capital management and control, maintaining the Company’s financial stability and lowering cost of capital as we invest for future growth. Furthermore, the strength of our balance sheet allows us to partially fund the refinancing of the Eurobonds from our own cash reserves, while we continue to progress our long-term strategic and operational objectives.”

As at 31 December 2017, Nordgold’s total debt was US$997.0 million, while its net debt position was US$656.3 million.

For further information, please contact:

Nordgold
Anastasia Shatskaya
Head of Media Relations
Tel: +7 495 644 4473
Powerscourt
Peter Ogden
Giles Read
Tel: +44 (0) 20 7250 1446


Press release
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