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Newmont Corporation Announces Early Results of the Tender Offers for Any and All of its 3.700% Notes due 2023 and Goldcorp’s 3.700% Notes due 2023 and Related Consent Solicitations
DENVER / Dec 17, 2021 / Business Wire / Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) announced today the early results of the previously
About this update from Newmont Corporation
[{"type":"text","content":"DENVER / Dec 17, 2021 / Business Wire / Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) announced today the early results of the previously announced offers to purchase for cash any and all of the outstanding (i) 3.700% Notes due 2023 (the “Newmont Notes”) issued by Newmont (the “Newmont Notes Offer”) and (ii) 3.700% Notes due 2023 (the “Goldcorp Notes” and, together with the Newmont Notes, the “Notes”) issued by Goldcorp Inc., a wholly-owned subsidiary of Newmont (“Goldcorp”) (the “Goldcorp Notes Offer” and, together with the Newmont Notes Offer, the “Offers” and each, an “Offer”). The terms and conditions of the Offers and the Consent Solicitations are described in the Offer to Purchase and Consent Solicitation Statement, dated December 6, 2021 (the “Offer to Purchase”), previously distributed to holders of the Notes. Newmont has been advised that as of 5:00 p.m., New York City time, on December 17, 2021 (such date and time, the “Early Tender Deadline”), (i) $89,459,000 in aggregate principal amount of the Newmont Notes had been validly tendered (and not validly withdrawn) pursuant to the Newmont Notes Offer and delivered consents pursuant to the Newmont Notes Consent Solicitation, representing approximately 28% of the outstanding Newmont Notes, and (ii) $4,003,000 in aggregate principal amount of the Goldcorp Notes had been validly tendered (and not validly withdrawn) pursuant to the Goldcorp Notes Tender Offer and delivered consents pursuant to the Goldcorp Notes Consent Solicitation, representing approximately 4% of the outstanding Goldcorp Notes. Newmont intends to purchase all Notes validly tendered (and not validly withdrawn) at or prior to the Early Tender Deadline on December 20, 2021 or as promptly as practicable thereafter (the “Early Settlement Date”). Newmont has not obtained the Requisite Consents for the execution of supplemental indentures to amend the applicable indentures governing the Notes, as set forth in the Offer to Purchase. Accordingly, supplemental indentures to the applicable indentures governing the Notes will not be executed. Any Notes not tendered and purchased pursuant to the Offers will remain outstanding and will be governed by the terms of the applicable indentures governing the Notes. Holders who validly tendered (and did not validly withdraw) their Notes at or prior to the ...