debt
confidence high
sentiment neutral
materiality 0.65
Newmont prices $2B debt offering to repay revolver borrowings used for Newcrest acquisition
NEWMONT Corp /DE/
- Priced $1B of 5.300% notes due 2026 and $1B of 5.350% notes due 2034 on March 4, 2024.
- Proceeds to repay all outstanding borrowings under revolving credit facility and for general corporate purposes.
- Revolver borrowings previously used to repay ~$1.9B bilateral credit debt from Newcrest Mining acquisition.
- Offering expected to close March 7, 2024, subject to customary conditions.
- Notes offered only to QIBs under Rule 144A and non-US persons under Regulation S; not registered.