This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Goldcorp Announces Pricing Of US$1.0 Billion Notes Offering

TSX: G NYSE: GG

(All Amounts in $US unless stated otherwise)

VANCOUVER, June 4, 2014 /PRNewswire/ - GOLDCORP INC. (TSX: G, NYSE: GG) announced today that it has priced an offering of senior unsecured notes.  Goldcorp will issue $1.0 billion in aggregate principal amount of notes consisting of $550 million aggregate principal amount of 3.625% notes due June 9, 2021 and $450 million aggregate principal amount of 5.45% notes due June 9, 2044.  The offering is expected to close on June 9, 2014.

Goldcorp expects to receive net proceeds of approximately US$988 million from the offering, after deducting underwriting fees and estimated offering expenses.  Goldcorp intends to use these proceeds for repayment of its $862.5 million of convertible notes maturing August 2014 and repayment of the amounts drawn down under its revolving credit facility in June 2014.

HSBC Securities ( USA) Inc. and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering.  CIBC World Markets Corp., Scotia Capital ( USA) Inc. and RBC Capital Markets, LLC are acting as the passive book-running managers and Credit Suisse Securities ( USA) LLC, Mitsubishi UFJ Securities ( USA), Inc., RBS Securities Inc. and SMBC Nikko Securities Inc., 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 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 www.sec.gov or SEDAR on the Canadian Securities Administrators website at www.sedar.com.

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.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,089.07 -24.47 -0.14%
S&P 500 1,983.86 +0.33 0.02%
NASDAQ 4,462.8370 +6.8210 0.15%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs