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Newmont gives early tender results for three series of notes
By Rebecca Melvin
New York, March 18 – Newmont Corp. announced early tender results for three series of notes, noting adjustments of tender amounts, according to a press release.
The early tender deadline was 5 p.m. ET on March 17. Following the deadline, the company said:
• $495,012,000 of its $992,105,000 3.5% senior notes due 2022 (Cusip: 651639AN6, 651639AS5) were tendered out of a maximum principal tender amount of $500 million. Pricing is to be set using the 2.375% Treasury due March 15, 2022 plus 25 basis points;
• $560,817,000 of $810,243,000 3.7% notes due 2023 (Cusips: 651639AT3, U65163AC8) will be tendered, exceeding the maximum $487,089,000 tender amount. Pricing will be set using the 2.625% Treasury due Feb. 28, 2023 plus 25 bps; and
• $17,899,000 of $189,724,000 3.7% notes due 2023 (Cusip: 380956AD4) issued by Goldcorp Inc. are being tendered out of a maximum principal tender amount of $100 million. Pricing is to be set using the 2.625% Treasury due Feb. 28, 2023 plus 35 bps.
The total tender consideration for each series includes a $30.00 early tender premium for every $1,000 of notes.
Although the tender offers expire 11:59 p.m. ET on March 31, Newmont will not accept for purchase any further tenders of the Newmont 2023 notes as the amount of tenders exceeds the amended maximum principal tender amount.
Pricing will be set at 10 a.m. ET on March 18.
The dealer managers are BMO Capital Markets Corp. (212 702-1840, 833 418-0762), Goldman Sachs & Co. LLC (212 902-6351, 800 828-3182) and J.P. Morgan Securities LLC (212 834-3424, 866 834-4666).
The information and tender agent is D.F. King & Co., Inc. (212 269-5550, 866 416-0576).
The issuer is a gold and copper producer based in Denver.
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