Sibanye Gold (SBGL) shares were down nearly 3% Tuesday morning after Bloomberg reported that the company plans to raise $2 billion, including $1 billion in debt, to finance the purchase of Stillwater Mining (SWC) .
The financing will help repay a $2.65 billion bridge loan the company took from a consortium of banks. Sibanye first announced the $2.2 billion purchase in December.
Sibanye shares closed trading down 3.47% to $10 on heavier than normal volume Tuesday.
Editor's Note: story has been updated since 10:52 am EST.
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