Goldcorp prices $1.5 billion debt offering
March 13 (Reuters) - Goldcorp Inc, Canada's second-largest gold mining company, priced a $1.50 billion offering of senior unsecured notes on Wednesday.
The company said it would use some of the proceeds to repay $862.5 million in convertible notes set to mature in August 2014. The rest will be used for capital expenditures, capital investments or working capital.
The offering includes $500 million in 2.125 percent notes due in 2018, and $1.0 billion in 3.70 percent notes due in 2023.
Goldcorp, which touts itself as a growth leader, is building three new mines and plans to boost annual gold output by some 75 percent to up to 4.2 million ounces by 2017.
In contrast, many of the company's peers are shying away from building new mines as soaring development costs and a slipping bullion price make once-promising projects far less attractive.
- Tweet this
- Share this
- Digg this
- Scots spurn independence in historic vote but demand new powers |
- Scots independence polls close, UK's future in the balance |
- Salmond concedes defeat, demands more Scottish powers fast
- Factbox - Scotland's independence vote: How will the results come?
- China hands drugmaker GSK record $490 million fine, sentences executives