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Newmont Announces Successful Early Tender Results for the Exchange Offers and Consent Solicitations
DENVER / Dec 08, 2023 / Business Wire / Newmont Corporation (Newmont or the Company) announced today, in connection with the previously announced offers to
About this update from Newmont Corporation
[{"type":"text","content":"DENVER / Dec 08, 2023 / Business Wire / Newmont Corporation (Newmont or the Company) announced today, in connection with the previously announced offers to exchange (each, an “Exchange Offer” and, collectively, the “Exchange Offers”) any and all outstanding notes (the “Existing Newcrest Notes”) issued by Newcrest Finance Pty Limited, a wholly owned subsidiary of Newmont (“Newcrest Finance” and, together with Newmont, the “Issuers”), for (1) up to $1.65 billion aggregate principal amount of new notes to be issued by the Issuers (the “New Newmont Notes”) and (2) cash, and related consent solicitations (each, a “Consent Solicitation” and, collectively, the “Consent Solicitations”) to adopt certain proposed amendments to each of the indentures governing the Existing Newcrest Notes (the “Existing Newcrest Indentures Amendments”), that the Issuers have received tenders with respect to the aggregate principal amounts of Existing Newcrest Notes set forth below, which constitute the requisite consents needed to adopt the Existing Newcrest Indentures Amendments with respect to each of the three outstanding series of the Existing Newcrest Notes that are subject to the Exchange Offers and the Consent Solicitations. Newcrest Finance intends to enter into supplemental indentures with the trustee for the Existing Newcrest Notes to implement the Existing Newcrest Indentures Amendments on or prior to the settlement date of the Exchange Offers and the Consent Solicitations. As of 5:00 p.m., Eastern Standard Time, on December 8, 2023 (the “Early Tender Date”), the following principal amounts of each series of the Existing Newcrest Notes have been validly tendered and not validly withdrawn (and consents thereby validly delivered and not validly revoked): Title of Series / CUSIP Number of Existing Newcrest Notes Aggregate Principal Amount Outstanding Existing Newcrest Notes Tendered as of Withdrawal Deadline Principal Amount Percentage 3.250% Notes due 2030 / 65120FAD6 and Q66511AE8 $650.0 million $622,081,000 95.7% 5.75% Notes due 2041 / 65120FAB0 and Q66511AB4 $500.0 million $459,710,000 91.9% 4.200% Notes due 2050 / 65120FAE4 and Q66511AF5 $500.0 million $483,896,000 96.8% Withdrawal rights for the Exchange Offers and the Consent Solicitations expired as of the Early Tender Date. Holders who validly tendered (and did not validly wit...