Slaughter and May advised AngloGold Ashanti on a new standby US$1 billion credit facility

Slaughter and May advised AngloGold Ashanti, a leading global gold producer headquartered in South Africa, in relation to a new standby US$1 billion credit facility as part of its effort to increase its liquidity position to withstand any potential disruptions from the COVID-19 epidemic. The credit facility is for a term of 364 days which can be extended for a further six months with the participating syndicated banks’ consent. Slaughter and May worked alongside Allens, who advised on Australian law matters, and Cains, who advised on Isle of Man law matters.