debt
confidence high
sentiment neutral
materiality 0.55
PT Freeport Indonesia prices $3.0B senior notes in three tranches for smelter funding
FREEPORT-MCMORAN INC
- PT-FI (48.76% owned) priced $3.0B notes: $750M 4.763% due 2027, $1.5B 5.315% due 2032, $750M 6.200% due 2052.
- Settlement expected April 14, 2022; interest payable semi-annually beginning Oct 14, 2022.
- Net proceeds to finance smelter projects, refinancing, and general corporate purposes.
- Notes are unsecured obligations of PT-FI and will be included in FCX consolidated debt.