Northam Platinum Holdings Limited announced that it has successfully concluded a private placement of new domestic medium term notes ("Notes") to the value of ZAR 5.7 billion under Northam Platinum's ZAR 15.0 billion Domestic Medium Term Note Programme, as amended and/or supplemented from time to time ("Programme"), (the "Placement"). The new Notes were issued today, 13 June 2025 and comprise: ZAR 2.6 billion under bond series NHM027 maturing on 13 June 2028; ZAR 0.6 billion under bond series NHM028 maturing on 13 June 2029; and ZAR 2.5 billion under bond series NHM029 maturing on 13 June 2030, (collectively, the "New Notes"). The maturity profile of the New Notes has been staggered intentionally, taking into consideration, inter alia, Northam's business strategy, the extent and expected completion dates of current and planned capital projects and the maturity profile of the Notes in issue under the Programme prior to the Placement, to provide additional certainty and flexibility as well as to protect Northam's liquidity position and capacity to execute growth projects through metal price cycles.
Pursuant to the Placement, the total nominal value of Notes in issue under the Programme amounts to c. ZAR 12.2 billion. No further Notes will mature during the current financial year, with the remainder of maturities spread across the 2026 to 2030 financial years.
