Barrick Offering to Buy Back $750 Million in Debt Amid Gold RoutSteven Frank
Barrick Gold Corp. is offering to buy back some of its outstanding debt as the world’s largest bullion producer continues to sell asset sales amid a decline in gold prices.
The company will purchase as much as $750 million of notes, Toronto-based Barrick said Tuesday in a statement.
Barrick President Kelvin Dushnisky said this month the company is 90 percent through a $3 billion debt-reduction plan, and has had an “exceedingly high” level of interest for U.S. assets it has put up for sale.
Link to Statement:Link