Slaughter and May advised AngloGold Ashanti, a leading global gold producer headquartered in South Africa, on a new US$1 billion, five-year unsecured revolving credit facility, maturing in July 2019. This replaces the group's existing five-year US$1 billion unsecured facility. The new facility extends maturities and carries more favourable covenants, including an increased net debt to adjusted EBITDA covenant ratio of 3.5 times, with one conditional six-month period waiver of up to 4.5 times, further improving financial flexibility.

Slaughter and May worked alongside Cravath, Swaine & Moore LLP, who advised on US law matters, Bowman Gilfillan Inc., who advised on South African law matters, and Cains, who advised on Isle of Man law matters.

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Financing: Matthew Tobin (partner), Brandon Ovington (associate), Grace Somers (associate)