Business
Newmont Commences Exchange Offers and Consent Solicitations
DENVER / Nov 27, 2023 / Business Wire / Newmont Corporation (Newmont or the Company) announced today, in connection with its acquisition of Newcrest Mining
About this update from Newmont Corporation
[{"type":"text","content":"DENVER / Nov 27, 2023 / Business Wire / Newmont Corporation (Newmont or the Company) announced today, in connection with its acquisition of Newcrest Mining Limited, the commencement of 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, in each case, as set forth in the table below. The following table sets forth the Exchange Consideration, the Early Tender Premium and the Total Exchange Consideration for each series of Existing Newcrest Notes: Title of Series/ CUSIP Number of Existing Newcrest Notes Maturity Date Aggregate Principal Amount Outstanding Exchange Consideration(1) + Early Tender Premium(1) = Total Exchange Consideration(1)(2) 3.250% Notes due 2030 / 65120FAD6 and Q66511AE8 May 13, 2030 $650.0 million $950 principal amount of New Newmont 2030 Notes $50 principal amount of New Newmont 2030 Notes and $1.00 in cash $1,000 principal amount of New Newmont 2030 Notes and $1.00 in cash 5.75% Notes due 2041 / 65120FAB0 and Q66511AB4 November 15, 2041 $500.0 million $950 principal amount of New Newmont 2041 Notes $50 principal amount of New Newmont 2041 Notes and $1.00 in cash $1,000 principal amount of New Newmont 2041 Notes and $1.00 in cash 4.200% Notes due 2050 / 65120FAE4 and Q66511AF5 May 13, 2050 $500.0 million $950 principal amount of New Newmont 2050 Notes $50 principal amount of New Newmont 2050 Notes and $1.00 in cash $1,000 principal amount of New Newmont 2050 Notes and $1.00 in cash ____________ (1) For each $1,000 principal amount of the Existing Newcrest Notes accepted for exchange. (2) Includes the Early Tender Premium. In conjunction with the Exchange Offers, the Issuers are soliciting consents (each, a “Consent Solicitation” and, collectively, the “Consent Solicitations”) to adopt certain proposed amendments to each of the indentures...