S&P rates Sibanye Stillwater notes BB-

S&P said it assigned Sibanye Stillwater Ltd.’s planned $1 billion of dollar-denominated notes BB- issue and 3 recovery ratings. Sibanye Stillwater is expected to sell five- and eight-year notes.

The agency concurrently affirmed the company’s BB- issuer rating.

It plans to use the proceeds to redeem its $350 million of 2025 notes and pursue its green metals strategy.

The outlook is positive.

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