debt
confidence high
sentiment neutral
materiality 0.45
Newmont launches exchange offers for up to $1.65B in new notes to replace Newcrest debt
NEWMONT Corp /DE/
- Offers to exchange any and all outstanding notes issued by Newcrest Finance for up to $1.65B aggregate principal of new notes plus cash.
- Three series: 3.25% 2030 ($650M), 5.75% 2041 ($500M), 4.20% 2050 ($500M); total exchange consideration includes early tender premium of $50 principal plus $1 cash per $1,000.
- Early tender date is December 8, 2023; expiration date is December 26, 2023.
- Concurrent consent solicitations seek to eliminate certain covenants, defaults, and restrictive provisions from existing indentures.
- New notes are unregistered but company commits to use commercially reasonable efforts to file exchange offer registration statement.