Barrick Gold Completes US$3B Offering of Common Shares and Announces Tender Offer

Barrick Gold Corporation closed a US$3-billion bought deal public offering of 163,500,000 common shares.

The offering was conducted concurrently in Canada and the US pursuant to the multijurisdictional disclosure system and was led by RBC Dominion Securities Inc., Barclays Capital Canada Inc., and GMP Securities L.P., on behalf of a syndicate of underwriters. In connection with the announcement of the offering on October 31, 2013, Barrick launched a tender offer for outstanding debt securities of Barrick and its subsidiaries.

Barrick was represented internally by Sybil Veenman, Jennifer Mazin, David Simpson and Dana Stringer. Barrick was represented by outside legal counsel Davies Ward Phillips & Vineberg LLP in Canada with a team of Kevin Thomson, Mindy Gilbert, Robin Upshall and Noah Schein (securities) and Geoff Turner and Chris Anderson (tax); and in the United States by Cravath, Swaine & Moore LLP with a team of Richard Hall, Andrew Pitts, Michael Hyun and Holden Sumner.

The underwriters were represented in Canada by Osler, Hoskin & Harcourt LLP with a team that included Doug Marshall, Doug Bryce, Desmond Lee, James Brown and Rosalind Hunter. Counsel representing the underwriters in the US was provided by Skadden, Arps, Slate, Meagher & Flom LLP with a team that included Christopher Morgan, Vittoria Varalli and Patrick Gordon (securities) and Jared Binstock (tax).