The Conversation (0)
Barrick Gold Corporation (NYSE:ABX, TSX:ABX) announced pricing of $3 billion in debt securities, expected to close on our around May 2, 2013.
Barrick Gold Corporation (NYSE:ABX, TSX:ABX) announced pricing of $3 billion in debt securities, expected to close on our around May 2, 2013.
As quoted in the press release:
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% Notes due 2013 issued by Barrick’s wholly-owned subsidiary Barrick Gold Financeco LLC.
To view the whole press release, click here.
