Business
Newmont Corporation Announces 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 06, 2021 / Business Wire / Newmont Corporation (“Newmont” or the “Company”) (NYSE: NEM, TSX: NGT) announced today that it has commenced offers to
About this update from Newmont Corporation
[{"type":"text","content":"DENVER / Dec 06, 2021 / Business Wire / Newmont Corporation (“Newmont” or the “Company”) (NYSE: NEM, TSX: NGT) announced today that it has commenced 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 following table sets forth the material pricing terms for each Offer: Title of Security Issuer CUSIP Numbers Aggregate Principal Amount Outstanding Reference U.S. Treasury Security Bloomberg Reference Page(1) Fixed Spread (Basis Points) Early Tender Payment(2) 3.700% Notes due 2023 Newmont Corporation 651639 AS5 $323,154,000 0.500% UST due 03/15/2023 FIT4 25 $50.00 651639 AT3 U65163 AC8 3.700% Notes due 2023 Goldcorp Inc. 380956 AD4 $90,549,000 0.500% UST due 03/15/2023 FIT4 25 $50.00 (1) The page on Bloomberg from which the Dealer Managers will quote the bid side prices of the Reference U.S. Treasury Security. (2) Per $1,000 principal amount of the Notes validly tendered (and not validly withdrawn) and accepted for purchase pursuant to the applicable Offer. In connection with the Newmont Notes Offer, Newmont is soliciting consents (the “Newmont Notes Consent Solicitation”) from holders of the Newmont Notes to certain proposed amendments (the “Newmont Notes Proposed Amendments”) to the indenture governing the Newmont Notes (the “Newmont Indenture”) to (i) eliminate substantially all of the restrictive covenants and certain events of default under the Newmont Indenture and (ii) shorten the minimum notice period for the optional redemption of the Newmont Notes from 30 calendar days to two (2) business days (the “Newmont Notes Consents”). In connection with the Goldcorp Notes Offer, Newmont is soliciting consents (the “Goldcorp Notes Consent Solicitation” and, together with the Newmont Notes Consent Solicitation, the “Consent Solicitations” and each, a “Consent Solicitation”) fr...