00:15:10 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Newmont Corp
Symbol NGT
Shares Issued 1,153,617,667
Close 2024-03-04 C$ 45.43
Market Cap C$ 52,408,850,612
Recent Sedar Documents

Newmont arranges private offering of notes

2024-03-04 15:25 ET - News Release

Ms. Jennifer Pakradooni reports

NEWMONT ANNOUNCES OFFERING OF NOTES TO REPAY OUTSTANDING BORROWINGS UNDER REVOLVING CREDIT FACILITY

Newmont Corp. and Newcrest Finance Pty. Ltd., a wholly owned subsidiary of Newmont, have commenced a private offering of their notes due 2026 and notes due 2034. The notes will be guaranteed on an unsecured senior basis by Newmont USA Ltd., a wholly owned subsidiary of Newmont.

The issuers intend to use a portion of the net proceeds from the offering to repay all outstanding borrowings under the company's revolving credit facility, with the remaining proceeds for general corporate purposes. The company previously used borrowings under its revolving credit facility, along with cash on hand, to repay approximately $1.9-billion (U.S.) aggregate principal amount of bilateral credit debt acquired by Newmont as part of its acquisition of Newcrest Mining Ltd.

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 the 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. Newmont is an industry leader in value creation, supported by robust safety standards, superior execution and technical expertise. Founded in 1921, the company and has been publicly traded since 1925.

At Newmont, the company's purpose is to create value and improve lives through sustainable and responsible mining.

We seek Safe Harbor.

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