Davis Polk – AngloGold Ashanti $1.25 Billion SEC-Registered Debt Offering

Davis Polk advised Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Goldman, Sachs & Co. as underwriters in connection with an SEC-registered offering of $1.25 billion aggregate principal amount of 8.5% notes due 2020 by AngloGold Ashanti Holdings plc, fully and unconditionally guaranteed by AngloGold Ashanti Limited (AngloGold Ashanti).

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 21 operations in 10 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 Paul E. Kumleben and associates Reuven B. Young, Roman Ajzen and Matthew Hart. Partner John D. Paton and associate Adam B. Perry provided tax advice. Claire Lim was the legal assistant on the transaction. Members of the Davis Polk team are based in the London and New York offices.

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