RMBdeliversExxaro’slargestcorporatefinancingtodate.

Media Release

16 February 2026

 

RMB delivers Exxaro’s largest corporate financing to date, a R13bn funding package reinforcing confidence in the South African mining sector.

RMB’s Resources Sectors Solutions team was appointed by Exxaro Resources as a Debt Adviser, Initial Mandated Lead Arranger and Bookrunner for the refinance of Exxaro’s funding package. RMB successfully raised a R13billion funding package with significantly reduced financing costs and flexible funding terms which will provide a financial underpin to support Exxaro’s strategic objectives. The transaction builds on RMB’s long-standing relationship with one of South Africa’s leading mining companies that plays a critical role in the South African economy.

RMB’s in-depth understanding of Exxaro’s key strategic objectives coupled with its deep expertise in mining finance enabled RMB to structure a tailored solution that was both fit for the market and a fit for the company. The transaction attracted strong investor appetite from a diverse investor base which included local & international commercial banks and asset managers – resulting in an oversubscribed order book and healthy pricing tension.

“Delivering on this mandate reflects the strength of our long-standing relationship with Exxaro and our understanding of the South African mining sector, and those who have an appetite to deploy capital into it,” said Tsepang Shongwe, Resources Sector Solutions Senior Transactor at Rand Merchant Bank. “Our strong partnership and collaborative model of working closely with our clients in assessing and understanding their strategic objectives was a key enabler in us delivering an optimal solution for Exxaro as evidenced by the strong investor support, flexible funding terms and substantial financing cost savings”, said Tsepang Shongwe.

“We are pleased to have reached financial close on the refinancing of our corporate facilities, particularly on better commercial terms. This is a positive endorsement of the strength of our business and the clarity of our strategy. We thank RMB for partnering with us to achieve this milestone.” said Riaan Koppeschaar, Exxaro Resources Finance Director

This transaction represents the largest financing executed by Exxaro to date and demonstrates RMB’s ability to deliver tailored, future-focused solutions for clients operating in complex and evolving sectors.

 

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