debt
confidence high
sentiment neutral
materiality 0.55
Newmont settles exchange of Newcrest notes, issuing ~$1.57B in new notes
NEWMONT Corp /DE/
- Issued $624.6M of 3.250% 2030 notes, $459.9M of 5.75% 2041 notes, and $486.1M of 4.200% 2050 notes.
- Exchange offers expired Dec 26; $79M of old Newcrest notes remain outstanding after settlement.
- New notes are senior unsecured, guaranteed by Newmont USA Limited, and not registered under Securities Act.
- Entered registration rights agreement with BMO and Goldman Sachs to file exchange offer by Dec 28, 2024.
- Transaction follows Newmont's acquisition of Newcrest Mining, which closed on Nov 6, 2023.