Investor Presentaiton
Debt and hedging at 31 December 2015
St Barbara
LIMITED
US Senior Secured Notes
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US$250 million issued March 2013, US$168 million balance at 22 Feb 2016
6 monthly interest payments in arrears each April and October
Interest rate 8.875% p.a., matures April 2018
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US$16 million repurchased in 1H FY16
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Additional US$12 million repurchased in February 2016¹
Red Kite debt facility
> Eight equal quarterly principal repayments (scheduled Q1 Sep 2015 to end Q4 Jun 2017)
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First US$9 million instalment paid in September 2015
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US$30 million repayment in December 2015 quarter
> Balance remaining at 31 Dec 2015 US$36 million
Hedging
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At 23 Feb 2016, approx. 33,000 oz of gold forward contracts to be delivered by June
2016 at A$1,600/oz
40,000 oz of gold put and call options contracts which expire 30 Jun 2016 (minimum
US$1,187/oz, maximum US$1,287/oz) to secure US$ cash flow to repay Red Kite in full
by June 2016
1. Inc. US$10 million announced 9 Feb 2016
30/ Asia Investor Relations Roadshow / March 2016View entire presentation