AngloGold Ashanti $700 Million SEC-Registered Debt Offering

Davis Polk advised the underwriters in connection with an SEC-registered offering of $700 million aggregate principal amount of 3.750% notes due 2030 by AngloGold Ashanti Holdings plc, fully and unconditionally guaranteed by AngloGold Ashanti Limited. 

Based in Johannesburg, South Africa, AngloGold Ashanti is a global gold company with a portfolio of assets and differing orebody types in key gold-producing regions. AngloGold Ashanti was formed following the consolidation of the gold interests of Anglo American plc into a single company in 1998. AngloGold Ashanti’s asset portfolio includes production from 14 operations in nine countries, gold production and reserves from operations outside South Africa and gold production from a broad variety of ore body types, as well as a variety of open-pit, heap-leach, underground, surface and dump reclamation operations.

The Davis Polk corporate team included partner Reuven B. Young, counsel Connie l. Milonakis and associate Eyvana M. Bengochea. Partner Jonathan Cooklin, counsel Alon Gurfinkel and Dominic Foulkes and associates Veronica Davis and Freddie Schwier provided tax advice. All members of the Davis Polk team are based in the London office.