Close to renewing $1.5 billion in credit, DeBeers enthusiastic shareholders limited external international lender opportunities by committing $1 billion, in so doing, reducing credit requirements.
“We’ve agreed to a set of terms with our international lenders,” David Prager, De Beers director of communications, said. “That process will come to a conclusion over the next several weeks. We’re feeling very good about it.”
De Beers three shareholders are Anglo American, which holds a 45 percent stake in De Beers, the Oppenheimer family, which has a 40 percent share, and the government of Botswana, with 15 percent.