Newmont prices $2 billion notes offering

By Tamara Parker • Tuesday, March 05 15:19 • Permanent Link

Newmont Corporation has announced the pricing of a private offering of $1 billion aggregate principal amount of 5.300% notes due 2026 and $1 billion aggregate principal amount of 5.350% notes due 2034. The offering is expected to close on March 7, 2024.

The company intends to use a portion of the net proceeds from the offering to repay all outstanding borrowings under its revolving credit facility, with the remaining proceeds for general corporate purposes. Previously, the company used borrowings under its revolving credit facility, along with cash on hand, to repay approximately US$1.9 billion aggregate principal amount of bilateral credit debt acquired as part of its acquisition of Newcrest Mining Limited.

Today the company's shares have moved -0.4% to a price of $33.35. For the full picture, make sure to review Newmont's 8-K report.

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