Sasol Secures Circa Usd3 Billion Five-Year Term Loan And Revolving Credit Facility Agreement
Sasol Limited
(Incorporated in the Republic of South Africa)
(Registration number 1979/003231/06)
Sasol Ordinary Share codes: JSE: SOL NYSE: SSL
Sasol Ordinary ISIN codes: ZAE000006896 US8038663006
Sasol BEE Ordinary Share code: JSE: SOLBE1
Sasol BEE Ordinary ISIN code: ZAE000151817
(Sasol, the Company, Equity issuer)
Sasol Financing Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1998/019838/06)
Company code: SFIE
LEI: 378900A5BC68CC18C276
(Sasol Financing, the Company, Debt issuer)
SASOL SECURES CIRCA USD3 BILLION FIVE-YEAR TERM LOAN AND REVOLVING CREDIT
FACILITY AGREEMENT
Sasol has refinanced its existing banking facilities, due to mature in calendar year 2024, into a new
banking facility totaling USD2 969 million. The new banking facility comprises of a USD1 987
million revolving credit facility and a USD982 million term loan facility, both with a five-year maturity,
and with two extension options of one year each.
This transaction was launched with a targeted facility size of USD2 500 million, which was
subsequently increased to USD2 969 million on the basis of notable oversubscription.
Sasol has mandated Bank of America Europe DAC, Mizuho Bank, Ltd. and MUFG Bank, Ltd. as Joint
Global Coordinators for the transaction, which launched in February 2023 to a targeted group of
banks. The Joint Global Coordinators each pre-committed to the transaction, and invited banks to
commit on one of five ticket levels, with the following titles:
• Bookrunner and Mandated Lead Arranger (BMLA);
• Mandated Lead Arranger (MLA);
• Lead Arranger;
• Arranger; and
• Participant.
Syndication was oversubscribed with 14 banks committing, allowing Sasol to increase the Facility.
Along with the Joint Global Coordinators, there were two other BMLAs: J.P. Morgan Securities Plc and
SMBC Bank International Plc. Bank of China Limited, Johannesburg Branch, Citibank, N.A.,
Johannesburg Branch, Intesa Sanpaolo Bank Luxembourg SA, Standard Chartered Bank joined as
MLAs, Industrial and Commercial Bank of China Limited, London Branch joined as Lead Arranger,
China Construction Bank Corporation, Johannesburg Branch joined as Arranger and Goldman Sachs
International Bank, Morgan Stanley Bank AG and State Bank of India, Johannesburg joined as
Participants.
EY acted as Sasol’s independent financial advisor in the transaction.
18 April 2023
Sandton
Equity Sponsor
Merrill Lynch South Africa Proprietary Limited t/a BofA Securities
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 18-04-2023 08:22:00
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