Barrick Gold announces final tender offer results for 5.25% notes

Chicago, Nov. 21 – Barrick Gold Corp. announced the expiration and final results for its tender offer for any and all of the $693,988,000 outstanding 5.25% notes due April 1, 2042 (Cusip: 067901AH1), according to a press release.

By the end of the offer, noteholders tendered $322,652,000 of the notes. Noteholders tendered $3,715,000 of the notes using guaranteed delivery procedures, an amount included in the tendered total.

The company offered $956.04 per $1,000 principal amount, calculated using the 3.375% U.S. Treasury due Aug. 15, 2042 as a reference security and a fixed spread of 145 basis points. Pricing was set at 2 p.m. ET on Nov. 14.

In addition, holders will receive accrued interest to but excluding the settlement date.

The offer expired at 5 p.m. ET on Nov. 18.

Tenders under guaranteed delivery procedures are due by 5 p.m. ET on Nov. 22.

Settlement is expected to occur on Nov. 23.

The offer was not conditioned on the tender of any minimum principal amount of notes, and the offer is not subject to a financing condition.

Barclays (800 438-3242 or 212 528-7581), J.P. Morgan Securities LLC (866 834-4666 or 212 834-3424) and RBC Capital Markets, LLC (877 381-2099 or 212 618-7843) are dealer managers for the offer.

Global Bondholder Services Corp. (855 654-2015; contact@gbsc-usa.com; https://www.gbsc-usa.com/barrick/) is the depositary and information agent.

Barrick is a Toronto-based gold mining company.

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