Comprehensive  Ghana Oil and Gas news, information, updates, analysis


News in Brief

Barrick announces Debt Tender Offer pricing

  • SOURCE: | Editor
  • downloadBarrick Gold Corporation (NYSE:ABX)(TSX:ABX) has announced the Reference Yield, Tender Offer Consideration and Total Consideration in its cash tender offer (the “Tender Offer”) for specified series of outstanding notes (the “Notes”).


    The terms and conditions of the Tender Offer are described in an offer to purchase (the “Offer to Purchase”) and the related letter of transmittal (the “Letter of Transmittal”), each dated February 22, 2016.

    The Tender Offer

    The Tender Offer commenced on February 22, 2016. Barrick, Barrick North America Finance LLC and Barrick (PD) Australia Finance Pty Ltd (together, the “Offerors”) are offering to purchase for cash the series of Notes set out in the table below for an aggregate purchase price (including principal and premium) of up to $750,000,000, as such amount may be increased by the Offerors, plus accrued and unpaid interest on the Notes from the last applicable interest payment date up to, but not including, the settlement date.

    The amount of a series of Notes that is purchased in the Tender Offer, according to a statement, will be based on the order of priority (the “Acceptance Priority Level”) for such series of Notes as set forth in the table below, with 1 being the highest Acceptance Priority Level and 7 being the lowest Acceptance Priority Level. If there are sufficient remaining funds to purchase some, but not all, of the Notes tendered of any series, the amount of Notes purchased in that series will be subject to proration using the procedure more fully described in the Offer to Purchase.

    Attached above are the full details of the Debt Tender Offer.

    source: http://classfmonline.com/1.8776838

    Share this article

    Leave a reply

    Personality of the Month
    Poll

    Do you think the President should fund the free SHS with oil revenue?

    Follow Us Online
    About Us
    Reporting Oil and Gas project was launched on 4th June 2009 at Takoradi, Western Region, Ghana by Penplusbytes (www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector read more
    Events Calendar
    << Jul 2018 >>
    MTWTFSS
    25 26 27 28 29 30 1
    2 3 4 5 6 7 8
    9 10 11 12 13 14 15
    16 17 18 19 20 21 22
    23 24 25 26 27 28 29
    30 31 1 2 3 4 5
    Twitter Activity Stream
     

    Partners We are proud to be associated with:

    Skip to toolbar