https://www.miningweekly.com

Goldcorp adds $1bn to debt facility

11th June 2015

By: Henry Lazenby

Creamer Media Deputy Editor: North America

  

Font size: - +

TORONTO (miningweekly.com) – Canada’s Goldcorp, the world’s largest gold producer by market value, has lifted its credit facility by $1-billion to $3-billion and extended the term to June 10, 2020, under existing terms and conditions.

The unsecured, floating-rate facility bore interest at the London Interbank Offered Rate plus 120 points when drawn, based on Goldcorp's current BBB+ rating.

Goldcorp would use the facility for liquidity and general corporate purposes.

BMO Capital Markets acted as colead arranger, joint bookrunner and administrative agent and Canadian Imperial Bank of Commerce and The Bank of Nova Scotia acted as colead arrangers, joint bookrunners and syndication agents.

Edited by Tracy Hancock
Creamer Media Contributing Editor

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION