Sibanye retains favourable debt covenant

JSE- and NYSE-listed Sibanye-Stillwater on Friday announced that all lenders of its dollar and rand revolving credit facilities (RCF) have agreed to retain the upper limit of the RCF until December 31.

The RCF comprises 13 South African and international banks. The upper limit of the RCF is net debt: adjusted earnings before interest, taxes, depreciation and amortisation of 3.5 times.