23:52:52 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Newmont Corp
Symbol NGT
Shares Issued 1,153,617,667
Close 2023-12-08 C$ 53.09
Market Cap C$ 61,245,561,941
Recent Sedar Documents

Newmont sees over 90% eligible notes tendered

2023-12-08 20:20 ET - News Release

Ms. Jennifer Pakradooni reports

NEWMONT ANNOUNCES SUCCESSFUL EARLY TENDER RESULTS FOR THE EXCHANGE OFFERS AND CONSENT SOLICITATIONS

In connection with the previously announced offers to exchange any and all outstanding notes issued by Newcrest Finance Pty. Ltd., a wholly owned subsidiary of Newmont, for (1) up to $1.65-billion aggregate principal amount of new notes to be issued by the issuers and (2) cash, and related consent solicitations to adopt certain proposed amendments to each of the indentures governing the existing Newcrest notes, the issuers have received tenders with respect to the aggregate principal amounts of existing Newcrest notes set forth herein, 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 p.m. ET on Dec. 8, 2023 (the early tender date), the principal amounts shown in the attached table of each series of the existing Newcrest notes have been validly tendered and not validly withdrawn (and consents thereby validly delivered and not validly revoked).

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 withdraw) their existing Newcrest notes at or prior to the early tender date will be eligible to receive $1,000 principal amount of the corresponding series of new Newmont notes and $1.00 in cash, which includes an early tender premium of $50 principal amount of the corresponding series of new Newmont notes, and $1.00 in cash, for each $1,000 principal amount of the existing Newcrest notes accepted for exchange on the settlement date. Holders who validly tender their existing Newcrest notes after the early tender date but prior to the expiration date (as defined herein), will not be eligible to receive the applicable early tender premium and, accordingly, will only be eligible to receive $950 principal amount of the corresponding series of new Newmont notes, for each $1,000 principal amount of the existing Newcrest notes accepted for exchange on the settlement date.

The exchange offers and the consent solicitations are being made pursuant to the terms and subject to the conditions set forth in the offering memorandum and consent solicitation statement, dated Nov. 27, 2023. The terms of the exchange offers and the consent solicitations remain as set forth in the offering memorandum and consent solicitation statement.

The exchange offers and the consent solicitations will expire at 5 p.m. Eastern Time, on Dec. 26, 2023, unless extended. The settlement date is expected to be promptly after the expiration date and is currently expected to be on or about Dec. 28, 2023.

About Newmont Corp.

Newmont is the world's leading gold company and a producer of copper, zinc, lead and silver. The company's world-class portfolio of assets, prospects and talent is anchored in favourable mining jurisdictions in Africa, Australia, Latin America and Caribbean, North America, and Papua New Guinea. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The company is an industry leader in value creation, supported by robust safety standards, superior execution and technical expertise. Newmont was founded in 1921 and has been publicly traded since 1925.

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