Moody's assigns Newmont notes Baa2

Moody's Investors Service said it assigned a Baa2 rating to Newmont Corp.'s senior unsecured notes. The notes will be guaranteed by Newmont USA Ltd. All other ratings are unchanged. The outlook is stable.

The new notes have been issued under Newmont's shelf registration for senior unsecured debt. The proceeds will be used to tender for Newmont's 2022 and 2023 notes and for Goldcorp's 2023 notes for up to the repurchase amount set forth in the offer to purchase.

"This refinancing will improve Newmont's debt maturity profile and reduce the debt towers that would otherwise exist in 2022 and 2023," said Carol Cowan, a Moody’s senior vice president and lead analyst for Newmont, in a press release.

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