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.