Mr. Greg Panagos reports
BARRICK COMPLETES SALE OF $3 BILLION OF DEBT SECURITIES
Barrick Gold Corp. and its wholly owned subsidiary, Barrick North America Finance LLC (BNAF), have completed the sale of $3-billion (U.S.) of debt securities comprising: $650-million (U.S.) of 2.50-per-cent notes due 2018 and $1.5-billion (U.S.) of 4.10-per-cent notes due 2023 of Barrick, as well as $850-million (U.S.) of 5.75-per-cent notes due 2043 of BNAF. The 2043 notes of BNAF are guaranteed by Barrick.
The net proceeds from this offering will be used to repay approximately $2-billion (U.S.) 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 for general corporate purposes, including, but not limited to, the repayment, in whole or in part, of the $500-million (U.S.) 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.
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