A new revolving credit facility (RCF) with Absa Bank, acting through its corporate and investment banking divisions, will replace the existing RCF and term lending arrangements with the current South African lender syndicate comprising Absa, Nedbank, RMB and Ninety One. The new terms include, besides others, an improved structure, with a single R1-billion RCF replacing the existing amortising term loan and the R408.8-million RCF. During January, Petra settled the R402.2-million drawn under the existing RCF from available cash balances.