Freeport-McMoRan to repay some term debt with convertible and common stock offerings

By Sara Rosenberg

New York, March 19 - Freeport-McMoRan Copper & Gold Inc. plans to repay some of its term loan A and term loan B debt using proceeds from an offering of 10 million shares of mandatory convertible preferred stock and 35 million shares of common stock, according to 424B3 filings made with the Securities and Exchange Commission Monday.

Freeport-McMoRan is a Phoenix-based copper, gold and molybdenum mining, exploration and production company.

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