The company said it priced a private offering of $1 billion aggregate principal amount of 5.300% notes due 2026 on March 4, 2024. It said the offering is expected to close on March 7, 2024, subject to customary closing conditions.

1. 01

   The company said it priced a private offering of $1 billion aggregate principal amount of 5.300% notes due 2026 on March 4, 2024. It said the offering is expected to close on March 7, 2024, subject to customary closing conditions.

2. 02

   Newmont also said it priced $1 billion aggregate principal amount of 5.350% notes due 2034 in the same private offering. It said the notes will be issued by Newmont and Newcrest Finance Pty Limited and guaranteed on a senior unsecured basis by Newmont USA Limited.

3. 03

   The company said it intends to use a portion of the net proceeds to repay all outstanding borrowings under its revolving credit facility, with the remaining proceeds going to general corporate purposes. It added that it previously used borrowings under the facility, along with cash on hand, to repay about US$1.9 billion of bilateral credit debt assumed as part of its acquisition of Newcrest Mining Limited.

4. 04

   The company said the notes have not been registered under the Securities Act and will be sold only to qualified institutional buyers under Rule 144A and to non-U.S. persons outside the United States under Regulation S. It said that if the offering is completed, it will enter into a registration rights agreement under which it will use commercially reasonable efforts to file an exchange offer registration statement for exchange notes of the same series and principal amount that are registered under the Securities Act.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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