Goldcorp completes $1B secondary offering of shares of Tahoe Resources

On June 30, 2015, Goldcorp Inc. closed its previously announced secondary offering of shares in Tahoe Resources Inc. A total of 58,051,692 common shares of Tahoe beneficially held by Goldcorp were sold at an offering price of $17.20 per share for gross proceeds of approximately $1 billion.

The offering was completed through a syndicate of underwriters led by GMP Securities L.P. and BMO Nesbitt Burns Inc. acting as joint bookrunners and including CIBC World Markets Inc., HSBC Securities (Canada) Inc., RBC Dominion Securities Inc., Scotia Capital Inc., TD Securities Inc., Citigroup Global Markets Canada Inc., Credit Suisse Securities (Canada), Inc., Goldman Sachs Canada Inc., Laurentian Bank Securities Inc., Merrill Lynch Canada Inc., Morgan Stanley Canada Ltd., Beacon Securities Limited, Canaccord Genuity Corp., Cormark Securities Inc., Dundee Securities Ltd., Macquarie Capital Markets Canada Ltd., Paradigm Capital Inc. and Raymond James Ltd. As a result of the Offering, Goldcorp no longer owns any common shares of Tahoe.

Tahoe did not receive any proceeds from the offering.

Goldcorp was represented internally by Charlene Ripley, Executive Vice President, General Counsel and Randall Chatwin, Assistant General Counsel. Cassels Brock & Blackwell LLP acted as external Canadian counsel to Goldcorp with a team consisting of Paul Stein, John Christian and Jennifer Hansen (securities and mining). David Stone and John Koenigsknecht of Neal, Gerber & Eisenberg LLP acted as US counsel to Goldcorp.

Tahoe Resources was represented by McMillan LLP in Canada with a team consisting of Amandeep Sandhu, Michael Taylor, Bosa Kosoric and Marina Tran, and in the US by Mark Mandel and Brett Nadritch of Milbank, Tweed, Hadley & McCloy LLP.

Counsel to the underwriters were Maurice Swan, Anne Weintrop and Jill Winton of Stikeman Elliott LLP in Canada, with Riccardo Leofanti and Lyndsey Kiser of Skadden, Arps, Slate, Meagher & Flom LLP acting as US counsel.