Newmont Announces Offering of Notes to Repay Outstanding Borrowings Under Revolving Credit Facility
04 Marzo 2024 - 2:41PM
Business Wire
Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM)
(“Newmont” or the “Company”) and Newcrest Finance Pty Limited, a
wholly owned subsidiary of Newmont (“Newcrest Finance” and,
together with Newmont, the “Issuers”) announced today that they
have commenced a private offering (the “Offering”) of their notes
due 2026 and notes due 2034 (together, the “Notes”). The Notes will
be guaranteed on an unsecured senior basis by Newmont USA Limited,
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 US$1.9 billion aggregate principal amount of
bilateral credit debt acquired by Newmont as part of its
acquisition of Newcrest Mining Limited.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of any
of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
The securities being offered have not been approved or disapproved
by any regulatory authority, nor has any such authority passed upon
the accuracy or adequacy of any offering document.
The Notes will not be registered under the Securities Act or the
securities laws of any state or other jurisdiction and may not be
offered or sold in the United States absent registration or an
applicable exemption from such registration requirements. The Notes
will be offered only to qualified institutional buyers pursuant to
Rule 144A under the Securities Act of 1933, as amended (the
"Securities Act"), and to certain non-U.S. persons in accordance
with Regulation S under the Securities Act.
Cautionary Statement Regarding Forward-Looking
Statements
This news release contains “forward-looking statements,” which
are intended to be covered by the safe harbor created by such
sections and other applicable laws. Where a forward-looking
statement expresses or implies an expectation or belief as to
future events or results, such expectation or belief is expressed
in good faith and believed to have a reasonable basis. However,
such statements are subject to risks, uncertainties and other
factors, which could cause actual results to differ materially from
future results expressed, projected or implied by the
forward-looking statements. Forward-looking statements often
address our expected future business and financial performance and
financial condition; and often contain words such as “anticipate,”
“intend,” “plan,” “will,” “would,” “estimate,” “expect,” “believe,”
“pending” or “potential.” Forward-looking statements in this news
release may include, without limitation, statements relating to
future offers and sales of securities and the terms thereof,
including any guarantee thereof, and the use of proceeds of such
sales. Estimates or expectations of future events or results are
based upon certain assumptions, which may prove to be incorrect.
Such assumptions, include, but are not limited to political
developments in any jurisdiction in which Newmont operates being
consistent with its current expectations, market conditions, the
satisfaction or timely satisfaction of customary closing conditions
to such sales, and other planning assumptions. For a more detailed
discussion of such risks, see Newmont’s Annual Report on Form 10-K
for the year ended December 31, 2023 filed with the SEC on February
29, 2024, as well as Newmont’s other SEC filings, under the heading
“Risk Factors”, and other factors identified in Newmont’s reports
filed with the SEC, available on the SEC website or
www.newmont.com. Newmont does not undertake any obligation to
release publicly revisions to any “forward-looking statement,”
including, without limitation, outlook, to reflect events or
circumstances after the date of this news release, or to reflect
the occurrence of unanticipated events, except as may be required
under applicable securities laws. Investors should not assume that
any lack of update to a previously issued “forward-looking
statement” constitutes a reaffirmation of that statement. Continued
reliance on “forward-looking statements” is at investors’ own
risk.
About Newmont
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 favorable mining
jurisdictions in Africa, Australia, Latin America & 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, our purpose is to create value and improve lives
through sustainable and responsible mining.
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version on businesswire.com: https://www.businesswire.com/news/home/20240303244188/en/
Media Contact Jennifer Pakradooni
globalcommunications@newmont.com
Investor Contact Neil Backhouse
investor.relations@newmont.com
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