E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 3/4/2020 in the Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

Newmont launches capped cash tender offers for notes due 2022, 2023

By Sarah Lizee

Olympia, Wash., March 4 – Newmont Corp. launched capped cash tender offers for three series of notes, according to a press release.

The company is tendering for the following series:

• Up to $500 million of $992,105,000 3.5% senior notes due 2022 (Cusip: 651639AN6), with pricing to be set using the 2.375% Treasury due March 15, 2022 plus 25 basis points;

• Up to $400 million of $810,243,000 3.7% notes due 2023 (Cusips: 651639AS5, 651639AT3, U65163AC8), with pricing to be set using the 2.625% Treasury due Feb. 28, 2023 plus 25 bps; and

• Up to $100 million of $189,724,000 3.7% notes due 2023 (Cusip: 380956AD4) issued by Goldcorp Inc., with pricing to be set using the 2.625% Treasury due Feb. 28, 2023 plus 35 bps.

The total tender consideration for each series will include a $30.00 early tender premium for every $1,000 of notes.

The tender offers will expire at 11:59 p.m. ET on March 31.

Holders who tender their notes at or prior to 5 p.m. ET on March 17, the early tender date, will be eligible to receive the early tender premium.

Tenders may be withdrawn at or prior to the early tender date.

Pricing will be set at 10 a.m. ET on March 18.

Each tender offer is subject to a financing condition. The company announced Wednesday that it plans to price senior notes. Proceeds will be used for the tender offers, as well as for working capital and other general corporate purposes.

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.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.