Gold Fields says SEC probe hinders its access to debt markets
* Probe centres on 2010 black economic empowerment deal
* CFO says financing is fine at present
JOHANNESBURG, Feb 13 (Reuters) - South Africa's Gold Fields
said a U.S. Securities and Exchange Commission (SEC)
probe of a deal in which it gave a stake in a mine to black
investors was hindering its access to debt markets but it could
still make use of bank financing.
Such investigations raise legal concerns with issuers in
debt capital markets, making it more arduous for companies under
investigation to tap them.
"If we had to enter the debt capital markets it becomes
difficult. But in terms of bank financing it's a lot easier to
do it," the bullion producer's chief financial officer, Paul
Schmidt, told journalists on Thursday in response to a question
about the issue.
"It's a lot easier to deal with the banks because they need
to make a call. When you go to the capital markets you need sign
off from the lawyers," he said, adding that the company was