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Goldcorp Announces Pricing Of US$1.5 Billion Notes Offering

TSX: G      NYSE: GG

(All Amounts in $US unless stated otherwise)

VANCOUVER, March 13, 2013 /PRNewswire/ - GOLDCORP INC. (TSX: G, NYSE: GG) announced today that it has priced an offering of senior unsecured notes.  Goldcorp will issue US$1.5 billion in aggregate principal amount of notes, consisting of US$0.5 billion aggregate principal amount of 2.125% notes due March 15, 2018 and US$1.0 billion aggregate principal amount of 3.70% notes due March 15, 2023. The offering is expected to close on March 20, 2013, subject to customary closing conditions.

Goldcorp expects to receive net proceeds of approximately US$1.48 billion from the offering, after deducting underwriting fees and estimated offering expenses. Goldcorp intends to use these proceeds for repayment of its US$862.5 million of convertible notes maturing August 2014, capital expenditures, capital investments or working capital.

Merrill Lynch, Pierce, Fenner & Smith Incorporated and HSBC Securities ( USA) Inc. are acting as joint book-running managers for the offering.  Morgan Stanley & Co. LLC are acting as the passive book-running manager.  Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are acting as joint lead managers.  BMO Capital Markets Corp., CIBC World Markets Corp., RBC Capital Markets, LLC, Scotia Capital ( USA) Inc. and TD Securities ( USA) LLC are acting as senior co-managers.  Goldman, Sachs & Co., Mitsubishi UFJ Securities ( USA), Inc., RBS Securities Inc. and SMBC Nikko Capital Markets Limited are acting as co-managers.

This press release shall not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities.  The offering is being made pursuant to an effective shelf registration statement in the United States and a private placement in Canada.  A copy of the prospectus may be obtained for free by visiting EDGAR on the U.S. Securities and Exchange Commission website at or SEDAR on the Canadian Securities Administrators website at

Goldcorp is one of the world's fastest growing senior gold producers. Its low-cost gold production is located in safe jurisdictions in the Americas and remains 100% unhedged.

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