All amounts expressed
in US dollars unless otherwise
indicated
Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) ("Barrick") announced today the completion of the sale of $2.0 billion in debt securities comprised of: $1.25 billion of 3.85% notes due
2022 and $750 million of 5.25% notes due
2042.
The net proceeds from this offering will
be used primarily
to repay existing indebtedness under two revolving credit facilities, each of which was drawn
upon in connection with Barrick's acquisition of Equinox Minerals Limited in 2011, with the balance of the proceeds being used to finance the development
of mining projects and for general corporate purposes.
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.
INVESTOR
CONTACT:
Greg Panagos
Senior Vice President
Investor Relations and Communications
(416) 309-2943
gpanagos@barrick.com
|
|
MEDIA
CONTACT:
Andy
Lloyd
Senior Manager, Communications
(416) 307-7414
alloyd@barrick.com
|
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
Certain information contained in this press release, including any information as to our strategy, projects,
plans or future financial or operating performance
and other statements that express management's
expectations or estimates of future performance, constitute "forward-looking statements". All statements,
other than statements of historical fact, are forward-looking statements. The words "believe", "expect",
"will", "anticipate",
"contemplate", "target",
"plan", "continue", "budget", "may", "intend",
"estimate" and similar
expressions identify forward-looking
statements. Forward-looking
statements are necessarily based upon a number
of estimates and assumptions
that, while considered reasonable by
management, are inherently subject
to significant business, economic
and competitive uncertainties
and contingencies. Barrick
cautions the reader that such forward-looking statements involve known and unknown risks, uncertainties and other factors that
may cause the actual financial results, performance or
achievements of Barrick to be materially different
from Barrick's estimated future results,
performance or achievements expressed
or implied by those forward-looking statements and
the forward-looking statements
are not guarantees of future performance.
Barrick disclaims any intention or obligation to
update or revise any forward-looking statements whether as a result of new
information, future events or otherwise,
except as required by
applicable law.