Canadian gold miner Goldcorp has increased its revolving credit facility from US$2bn to US$3bn and extended its term to June 10, 2020.

Priced at Libor plus 120 when drawn, the unsecured, floating-rate facility was arranged by BMO Capital Markets acted as co-lead arranger, joint bookrunner and administrative agent, and Canadian Imperial Bank of Commerce (CIBC) and The Bank of Nova Scotia (Scotiabank) as co-lead arrangers, joint bookrunners and syndication agents.

Other lenders include Royal Bank of Canada (RBC), The Toronto-Dominion Bank (TDB), HSBC Bank USA and Export Development Canada (EDC), as co-documentation agents, as well as Bank of Tokyo-Mitsubishi (BTMU), Mizuho Bank, Sumitomo Mitsui Banking Corporation (SMBC) of Canada, Bank of America, Morgan Stanley, Citibank, Credit Suisse, Goldman Sachs Lending Partners, ING Capital and BNP Paribas.

Headquartered in Vancouver, Goldcorp is the world’s fourth-largest gold producer, operating in various jurisdictions in North and Latin America.