Commodities

Goldcorp Plans $750M Senior Note Offering

Stock quotes in this article: G  

NEW YORK (AP) — Goldcorp Inc. on Monday said it plans to privately offer $750 million in senior notes due 2014, in an effort to pay off debt and fund general corporate spending, including capital projects.

The Canada-based gold producer said it expects to grant the initial purchasers in the offering a 30-day option to buy up to an additional $112.5 million of notes to cover overallotments, if any.

Shares of Goldcorp fell 29 cents to $39.44 in morning trading.

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,309.92 1,091.49 2,138.44 32.31
Oil *
77.12
DOWN
154.48
DOWN
19.14
DOWN
37.61
DOWN
0.48
10 Yr
3.23%
SPDR Gold
115.06
-1.48%
-1.72%
-1.73%
-1.46%
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