Gold Fields closes A$500 million five-year sustainability-linked loan

By Marisa Wong

Los Angeles, Oct. 5 – Gold Fields Ltd. announced a new A$500 million sustainability-linked loan backed by a syndicate of 10 Australian and international banks.

The five-year credit facility includes a A$100 million accordion option, according to a press release.

Commonwealth Bank of Australia acted as the sustainability coordinator, mandated lead arranger and bookrunner and facility agent.

Under the facility agreement, the company will receive a margin adjustment based on its performance against sustainability-linked key performance indicators relating to increasing female representation in its global workforce, reducing carbon emissions and utilizing more recycled water.

The sustainability-linked indictors are the same as those being used by the company in its $1.2 billion five-year revolving credit facility announced in May. The indicators are also aligned to the company’s strategy and its 2030 ESG targets, which prioritize gender diversity, decarbonization and water stewardship, the release noted.

The gold mining company is based in Johannesburg.

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