Barrick Announces Pricing of $3 Billion Offering of Debt Securities
TORONTO, April 29, 2013 — Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) ("Barrick") and its wholly-owned subsidiary, Barrick North America Finance LLC ("BNAF"), announced today the pricing of $3 billion in debt securities comprised of: $650 million of 2.50% notes due 2018 (the "2018 Notes") and $1.5 billion of 4.10% notes due 2023 (the "2023 Notes") of Barrick as well as $850 million of 5.75% notes due 2043 (the "2043 Notes") of BNAF. 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% Notes due 2013 issued by Barrick's wholly-owned subsidiary Barrick Gold Financeco LLC.
The debt securities have not been registered under the Securities Act of 1933 (the "Securities Act") or any state securities laws and may not be offered or sold in the United States absent registration or an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any applicable state securities laws. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the debt securities, nor shall there be any sale of the debt securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Barrick's vision is to be the world's best gold company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner.
Senior Vice President
Investor Relations and Communications
Telephone: +1 416 309-2943
Telephone: +1 416 307-7414