FCX enters new $3.0B revolving credit facility, replacing prior facility

FREEPORT-MCMORAN INC

Five-year unsecured revolving credit facility of up to $3.0B; PT-FI sublimit of $500M.
Matures October 19, 2027; interest based on SOFR plus spread tied to credit ratings.
Financial covenant: total leverage ratio not to exceed 3.75:1.0.
As of Oct 24, 2022, no borrowings outstanding; only $8M letters of credit issued.
Prior $3.0B revolving credit agreement dated April 2018 terminated.

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