Barrick Completes US$2B Offering

Barrick Gold Corporation completed an offering of debt securities pursuant to Rule 144A, consisting of US$1.25 billion aggregate principal amount of 3.85 per cent notes due 2022 and US$750 million aggregate principal amount of 5.25 per cent notes due 2042. The notes were offered by a syndicate of initial purchasers led by Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets, LLC.

Barrick was represented in-house by David Simpson, Senior Counsel, Faith Teo, Vice President, Assistant General Counsel and Secretary, and Kaveh Shahrooz, Corporate Counsel. Barrick was represented in the United States by a team from Sullivan & Cromwell LLP including Donald Crawshaw, Celia Bigoness and Jesse Dungan (corporate and securities) and Ron Creamer Jr. and John Wildt (tax). In Canada, Barrick was represented by a team from Davies Ward Phillips & Vineberg LLP including Kevin Thomson, Mindy Gilbert, Jennifer Grossklaus and Tiffany Jung (corporate and securities) and Geoffrey Turner and Chris Anderson (tax).

The underwriters were represented by a team from Skadden, Arps, Slate, Meagher & Flom LLP including Christopher Morgan, Ryan Dzierniejko and Vittoria Varalli (corporate and securities); Elizabeth Malone (environmental) and Daniel McCall and Jared Binstock (tax).