Mr. Greg Panagos reports
BARRICK ANNOUNCES PRICING OF $3 BILLION OFFERING OF DEBT SECURITIES
Barrick Gold Corp. and its wholly owned subsidiary, Barrick North America Finance LLC (BNAF), have priced $3-billion in debt securities comprising: $650-million of 2.50 per cent notes due 2018 and $1.5-billion of 4.10 per cent notes due 2023 of Barrick as well as $850-million of 5.75 per cent notes due 2043 of BNAF (all figures U.S.). The 2043 notes of BNAF are guaranteed by Barrick. The offering is expected to close on or about May 2, 2013.
The net proceeds from this offering will be used (i) to repay approximately $2-billion of borrowings under Barrick's revolving credit facility maturing in January, 2018, which amount was originally borrowed for general corporate purposes and to repay existing indebtedness, and (ii) for general corporate purposes, including, but not limited to, the repayment, in whole or in part, of the $500-million aggregate principal amount of the 6.125 per cent notes due 2013 issued by Barrick's wholly owned subsidiary Barrick Gold Financeco LLC.
We seek Safe Harbor.
© 2026 Canjex Publishing Ltd. All rights reserved.