Business
PT Freeport Indonesia Completes Sale of $3.0 Billion of Senior Notes
JAKARTA, Indonesia / Apr 14, 2022 / Business Wire / PT Freeport Indonesia (“PT-FI” or the “Company”) announced today that it has completed the sale of $3.0
About this update from Freeport-mcmoran, Inc.
[{"type":"text","content":"JAKARTA, Indonesia / Apr 14, 2022 / Business Wire / PT Freeport Indonesia (“PT-FI” or the “Company”) announced today that it has completed the sale of $3.0 billion aggregate principal amount of senior notes (collectively, the “Notes”). Following is a summary of the three tranches of debt: Description Amount Maturity (in millions) 4.763% Senior Notes $750.0 Due April 14, 2027 5.315% Senior Notes $1,500.0 Due April 14, 2032 6.200% Senior Notes $750.0 Due April 14, 2052 Total $3,000.0 The Notes are rated “Baa3” by Moody’s and “BBB-” by Fitch. PT-FI intends to use the net proceeds from the Notes Offering to finance its smelter projects, refinancing and for general corporate purposes. Citigroup Global Markets Inc. and J.P. Morgan Securities plc are the joint global coordinators for the offering. HSBC, Mandiri Securities Pte. Ltd., Mizuho Securities Asia Limited and SMBC Nikko Securities (Hong Kong) Limited, are the joint bookrunners for the offering. CIMB Bank Berhad, Labuan Offshore Branch, IMI - Intesa Sanpaolo, Malayan Banking Berhad, Standard Chartered Bank and United Overseas Bank Limited are the co-managers for the Notes Offering (collectively, the “Initial Purchasers”). The Notes have been offered (i) in the United States to persons reasonably believed by the Initial Purchasers to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and (ii) outside the United States in compliance with Regulation S under the Securities Act. The Notes have not been and will not be registered under the Securities Act or the securities laws of any other jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The Notes may not be offered or sold (i) in Indonesia to Indonesian citizens or residents or foreign parties, or (ii) outside Indonesia to Indonesian citizens wherever they are domiciled, or to Indonesian residents, in a manner which constitutes a public offering of the securities under Indonesian Law No. 8 of 1995 on Capital Markets and its implementing regulations, or a private placement of the securities under the OJK Regulation No. 30/POJK.04/2019 on the Issuance of Debt Securit...